126,894 Rocket Companies, Inc. $RKT Shares Sold by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management cut its Rocket Companies stake by 75.1% in the third quarter, selling 126,894 shares and retaining 42,100 shares valued at approximately $485,000.
• Rocket reported a third-quarter earnings beat, with adjusted EPS of $0.15 versus the $0.14 consensus and revenue up 37.4% year over year to $2.57 billion.
• Investors face mixed signals: analysts’ consensus target of $18.88 implies upside from the $11.92 share price, but fourth-quarter revenue guidance indicates a sequential slowdown and housing-market conditions remain challenging.

Motley Fool Asset Management LLC reduced its position in Rocket Companies, Inc. (NYSE:RKT - Free Report) by 75.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,100 shares of the company's stock after selling 126,894 shares during the period. Motley Fool Asset Management LLC's holdings in Rocket Companies were worth $485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi raised its holdings in shares of Rocket Companies by 152.1% during the first quarter. Amundi now owns 13,725,878 shares of the company's stock valued at $195,594,000 after purchasing an additional 8,280,463 shares during the last quarter. Andra AP fonden lifted its position in Rocket Companies by 48.0% during the first quarter. Andra AP fonden now owns 729,357 shares of the company's stock valued at $10,393,000 after purchasing an additional 236,632 shares during the period. Swiss National Bank lifted its position in Rocket Companies by 7.2% during the first quarter. Swiss National Bank now owns 2,696,000 shares of the company's stock valued at $38,418,000 after purchasing an additional 180,500 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in Rocket Companies by 76.9% in the second quarter. Maple Rock Capital Partners Inc. now owns 5,543,600 shares of the company's stock worth $87,312,000 after purchasing an additional 2,410,400 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Rocket Companies in the second quarter worth approximately $67,795,000. 4.59% of the stock is owned by institutional investors.

Trending Headlines about Rocket Companies

Here are the key news stories impacting Rocket Companies this week:

• Positive Sentiment: Q3 earnings beat expectations. Rocket reported adjusted earnings of $0.15 per share, above the $0.14 analyst consensus cited by MarketBeat and the $0.13 estimate cited by Zacks. EPS more than doubled from $0.07 a year earlier. Rocket Companies Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue and profitability improved substantially. Adjusted revenue reached $2.57 billion, up 37.4% year over year and broadly in line with the $2.58 billion estimate. Rocket also reported $3.28 billion in total revenue, $709 million in GAAP net income and $419 million in adjusted net income. Rocket Companies Announces Third Quarter 2026 Results
• Neutral Sentiment: Analyst expectations remain above the current share price. Brokerages reportedly have a consensus price target of $18.88, suggesting potential upside, though price targets are forecasts rather than new company fundamentals. Rocket Companies Consensus Price Target
• Negative Sentiment: Q4 guidance points to a sequential slowdown. Rocket expects fourth-quarter revenue of $2.10 billion to $2.30 billion, below Q3 adjusted revenue of $2.57 billion, potentially limiting enthusiasm over the earnings beat. Rocket Companies Q4 Revenue Outlook
• Negative Sentiment: Housing-market conditions remain challenging. U.S. home-sale prices recently declined for the first time in more than three years, while elevated mortgage payments continue to discourage buyers—headwinds for Rocket’s mortgage and real-estate businesses. U.S. Home-Sale Prices Just Fell

Insiders Place Their Bets

In other Rocket Companies news, CEO Jesse Bray sold 92,300 shares of Rocket Companies stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $12.39, for a total transaction of $1,143,597.00. Following the completion of the transaction, the chief executive officer directly owned 7,728,027 shares of the company's stock, valued at $95,750,254.53. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 450,000 shares of company stock worth $5,687,074. Corporate insiders own 57.68% of the company's stock.

Rocket Companies Price Performance

NYSE:RKT opened at $11.92 on Friday. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $33.76 billion, a P/E ratio of 85.16, a P/E/G ratio of 3.46 and a beta of 2.23. Rocket Companies, Inc. has a 12 month low of $10.18 and a 12 month high of $24.36. The business's 50-day moving average is $12.40 and its 200 day moving average is $14.81.

Rocket Companies (NYSE:RKT - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Rocket Companies had a net margin of 4.70% and a return on equity of 5.13%. The company had revenue of $2.57 billion for the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. Rocket Companies's quarterly revenue was up 37.4% on a year-over-year basis. On average, equities research analysts forecast that Rocket Companies, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RKT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Rocket Companies from $14.00 to $12.50 and set a "neutral" rating for the company in a research report on Monday, October 12th. Barclays lowered their price target on Rocket Companies from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Monday, October 5th. Weiss Ratings upgraded Rocket Companies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Morgan Stanley set a $16.00 price target on Rocket Companies and gave the company an "overweight" rating in a research note on Monday, October 12th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $16.00 price objective (up from $15.00) on shares of Rocket Companies in a research report on Wednesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.88.

Rocket Companies Company Profile

Rocket Companies, Inc is a Detroit-based financial technology company that operates a portfolio of consumer finance and real estate businesses. Its platform is designed to simplify the homeownership process through digital applications, automated workflows and online customer support.

The company's principal business is Rocket Mortgage, a residential mortgage lender and servicer offering home purchase, refinance and home equity products. Its broader portfolio includes Rocket Homes, a real estate services platform; Rocket Money, a personal finance app that helps consumers manage subscriptions, budgets and bills; Rocket Loans, which provides personal loans; and Rocket Pro, which supports mortgage brokers and other partners.

Rocket Companies traces its history to 1985, when Dan Gilbert founded Rock Financial.

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