SBI Securities Co. Ltd. Invests $135,000 in Rocket Companies, Inc. (NYSE:RKT)

SBI Securities Co. Ltd. acquired a new position in Rocket Companies, Inc. (NYSE:RKT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,974 shares of the company’s stock, valued at approximately $135,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of RKT. State Street Corp raised its stake in shares of Rocket Companies by 44.7% in the 3rd quarter. State Street Corp now owns 4,108,189 shares of the company’s stock worth $78,836,000 after buying an additional 1,269,795 shares in the last quarter. Philip James Wealth Mangement LLC bought a new stake in shares of Rocket Companies in the 3rd quarter worth $6,811,000. Bruni J V & Co. Co. raised its stake in shares of Rocket Companies by 21.2% in the 4th quarter. Bruni J V & Co. Co. now owns 1,860,060 shares of the company’s stock worth $20,944,000 after buying an additional 324,976 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Rocket Companies by 804.3% in the 3rd quarter. Tidal Investments LLC now owns 315,764 shares of the company’s stock worth $6,060,000 after buying an additional 280,847 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rocket Companies during the third quarter worth $3,655,000. Institutional investors own 4.59% of the company’s stock.

Rocket Companies Stock Up 6.1 %

NYSE:RKT opened at $15.76 on Friday. The firm has a market capitalization of $31.43 billion, a price-to-earnings ratio of -98.47 and a beta of 2.39. Rocket Companies, Inc. has a 1-year low of $10.06 and a 1-year high of $21.38. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. The business’s fifty day moving average price is $12.41 and its 200 day moving average price is $15.02.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RKT shares. Barclays cut their target price on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. Piper Sandler cut their target price on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Keefe, Bruyette & Woods boosted their target price on Rocket Companies from $10.50 to $12.00 and gave the stock an “underperform” rating in a research report on Monday, March 3rd. Bank of America boosted their target price on Rocket Companies from $14.00 to $15.00 and gave the stock an “underperform” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada cut their target price on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.83.

About Rocket Companies

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.