Rocket Companies, Inc. (NYSE:RKT) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in Rocket Companies, Inc. (NYSE:RKT) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,717 shares of the company’s stock after selling 10,922 shares during the period. QRG Capital Management Inc.’s holdings in Rocket Companies were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of Rocket Companies by 324.4% in the 3rd quarter. Victory Capital Management Inc. now owns 67,161 shares of the company’s stock worth $1,289,000 after acquiring an additional 51,336 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Rocket Companies during the third quarter worth $1,071,000. XTX Topco Ltd acquired a new stake in shares of Rocket Companies in the third quarter valued at $1,486,000. Entropy Technologies LP acquired a new stake in shares of Rocket Companies in the third quarter valued at $875,000. Finally, Connective Portfolio Management LLC purchased a new stake in shares of Rocket Companies in the 4th quarter valued at $428,000. Institutional investors and hedge funds own 4.59% of the company’s stock.

Rocket Companies Trading Up 9.4 %

NYSE:RKT opened at $14.04 on Friday. Rocket Companies, Inc. has a 1 year low of $10.06 and a 1 year high of $21.38. The stock has a market cap of $28.00 billion, a P/E ratio of -87.72 and a beta of 2.43. The company has a debt-to-equity ratio of 1.51, a quick ratio of 15.47 and a current ratio of 15.47. The stock has a 50-day simple moving average of $12.06 and a 200-day simple moving average of $15.14.

Analysts Set New Price Targets

A number of equities analysts recently commented on RKT shares. Morgan Stanley lowered their target price on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Rocket Companies from $11.50 to $10.50 and set an “underperform” rating for the company in a research note on Friday, January 3rd. UBS Group raised shares of Rocket Companies from a “sell” rating to a “neutral” rating and cut their target price for the stock from $12.50 to $11.50 in a research note on Friday, January 10th. Royal Bank of Canada decreased their price target on shares of Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.71.

Rocket Companies Profile

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.