<div id="readability-page-1"><p>Philip James Wealth Mangement LLC acquired a new position in shares of  Rocket Companies, Inc. (NYSE:RKT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The institutional investor  acquired 354,941 shares of the company's stock, valued at approximately $6,811,000. Rocket Companies accounts for approximately  0.8% of Philip James Wealth Mangement LLC's portfolio, making the stock its 27th biggest position.</p><div><p><span></span><span>Get <strong>Rocket Companies</strong> alerts:</span></p></div><ul><li>Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy</li></ul><p>Several other hedge funds have also modified their holdings of RKT. QRG Capital Management Inc. increased its holdings in  Rocket Companies by 2.5% during the 3rd quarter. QRG Capital Management Inc. now owns 229,639 shares of the company's stock worth $4,407,000 after purchasing an additional 5,587 shares during the period.  SteelPeak Wealth LLC acquired a new position in shares of  Rocket Companies during the third quarter worth about $567,000.  Wealth Enhancement Advisory Services LLC increased its stake in shares of  Rocket Companies by 14.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,566 shares of the company's stock worth $433,000 after buying an additional 2,766 shares during the period.  International Assets Investment Management LLC increased its stake in shares of  Rocket Companies by 3,429.7% during the third quarter. International Assets Investment Management LLC now owns 7,377 shares of the company's stock worth $142,000 after buying an additional 7,168 shares during the period.  Finally, Private Advisor Group LLC raised its holdings in  Rocket Companies by 26.8% in the third quarter. Private Advisor Group LLC now owns 14,798 shares of the company's stock valued at $284,000 after acquiring an additional 3,129 shares in the last quarter. 4.59% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of brokerages have commented on RKT. Keefe, Bruyette &amp; Woods raised shares of Rocket Companies from an &#34;underperform&#34; rating to a &#34;market perform&#34; rating in a research report on Monday, August 5th. Bank of America increased their target price on Rocket Companies from $12.00 to $14.00 and gave the company an &#34;underperform&#34; rating in a report on Thursday, August 29th. Royal Bank of Canada lifted their price target on Rocket Companies from $16.00 to $20.00 and gave the stock a &#34;sector perform&#34; rating in a report on Wednesday, September 11th. JPMorgan Chase &amp; Co. increased their price objective on Rocket Companies from $15.00 to $19.00 and gave the company an &#34;underweight&#34; rating in a report on Monday, October 7th. Finally, Barclays upped their price target on Rocket Companies from $10.00 to $14.00 and gave the company an &#34;underweight&#34; rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and an average target price of $15.15.</p><ul><li>3 Stocks to Watch as Call Option Activity Heats Up</li></ul><p><b>Get Our Latest Research Report on Rocket Companies</b></p><h2>Rocket Companies Stock Performance</h2><p>Rocket Companies stock traded down $0.09 during midday trading on Friday, hitting $16.00. 202,613 shares of the company's stock were exchanged, compared to its average volume of 2,801,134. The firm's 50 day simple moving average is $18.20 and its 200 day simple moving average is $16.16. Rocket Companies, Inc. has a 12-month low of $7.85 and a 12-month high of $21.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 13.18 and a current ratio of 13.18. The stock has a market cap of $31.83 billion, a price-to-earnings ratio of 228.14 and a beta of 2.46. </p><h2>About Rocket Companies</h2> (Free Report)<ul><li>3 Key Reasons Why Rocket Companies Stock Will Rally Soon</li></ul><p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Rocket Companies</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>The Top 5 Performing S&amp;P 500 Stocks YTD in 2024</li><li>What is Forex and How Does it Work? </li><li>L3Harris: Positioned for Gains With Trump’s Defense Policies</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Is First Solar’s Earnings Drop a Golden Buying Opportunity?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJLVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Philip James Wealth Management LLC has acquired 354,941 shares of Rocket Companies, Inc. (NYSE:RKT) during the third quarter, valued at approximately $811,000. This investment represents about 0.8% of their portfolio, making it their 27th largest position. Other hedge funds have also adjusted their holdings in RKT, with varying increases in shares owned. Analysts have mixed ratings on Rocket Companies, with an average rating of "Hold" and a target price of $15.5. The stock has seen fluctuations, with a market cap of $2.83 billion and a price-to-earnings ratio of 228.14.</p>

Philip James Wealth Mangement LLC Purchases Shares of 354,941 Rocket Companies, Inc. (NYSE:RKT)