XTX Topco Ltd Invests $1.49 Million in Rocket Companies, Inc. (NYSE:RKT)

XTX Topco Ltd purchased a new position in shares of Rocket Companies, Inc. (NYSE:RKT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 77,415 shares of the company's stock, valued at approximately $1,486,000.

Other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in Rocket Companies by 6,932.4% in the third quarter. National Bank of Canada FI now owns 145,922 shares of the company's stock valued at $2,800,000 after acquiring an additional 143,847 shares during the period. State Street Corp lifted its holdings in shares of Rocket Companies by 44.7% during the 3rd quarter. State Street Corp now owns 4,108,189 shares of the company's stock valued at $78,836,000 after purchasing an additional 1,269,795 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Rocket Companies in the 3rd quarter valued at approximately $1,071,000. Quantinno Capital Management LP grew its position in shares of Rocket Companies by 2.3% in the 3rd quarter. Quantinno Capital Management LP now owns 153,564 shares of the company's stock valued at $2,947,000 after purchasing an additional 3,402 shares during the period. Finally, Centiva Capital LP bought a new stake in Rocket Companies during the 3rd quarter worth approximately $1,274,000. Institutional investors and hedge funds own 4.59% of the company's stock.

Rocket Companies Stock Down 1.8 %

RKT stock traded down $0.25 during mid-day trading on Monday, reaching $13.32. The company had a trading volume of 2,593,036 shares, compared to its average volume of 2,895,607. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. The stock has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $16.31. Rocket Companies, Inc. has a 52 week low of $10.35 and a 52 week high of $21.38. The company has a market capitalization of $26.57 billion, a price-to-earnings ratio of -82.88 and a beta of 2.38.

Rocket Companies (NYSE:RKT - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Rocket Companies had a negative net margin of 0.38% and a positive return on equity of 2.86%. The company had revenue of $647.00 million for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned ($0.01) EPS. Rocket Companies's revenue for the quarter was down 46.2% compared to the same quarter last year. As a group, equities analysts predict that Rocket Companies, Inc. will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RKT shares. Bank of America upped their price target on shares of Rocket Companies from $14.00 to $15.00 and gave the company an "underperform" rating in a report on Thursday, November 14th. Piper Sandler reduced their target price on shares of Rocket Companies from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, November 14th. Barclays lowered their target price on Rocket Companies from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Royal Bank of Canada cut their price target on Rocket Companies from $20.00 to $18.00 and set a "sector perform" rating on the stock in a report on Wednesday, November 13th. Finally, UBS Group decreased their price objective on Rocket Companies from $14.00 to $12.50 and set a "sell" rating for the company in a report on Thursday, November 14th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Rocket Companies presently has an average rating of "Hold" and an average target price of $14.71.

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.