Nykredit A S acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,379 shares of the company’s stock, valued at approximately $456,000.
Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its position in shares of KE by 4.5% during the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after purchasing an additional 521,313 shares during the last quarter. Norges Bank acquired a new stake in KE in the 4th quarter worth about $112,843,000. Bank of America Corp DE increased its stake in KE by 76.3% during the 3rd quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock worth $58,290,000 after buying an additional 1,327,775 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in KE by 40.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock worth $48,026,000 after buying an additional 881,506 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after acquiring an additional 1,608,207 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.
Wall Street Analysts Forecast Growth
BEKE has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Zacks Research upgraded KE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Barclays lifted their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $23.64.
KE Trading Down 3.8%
Shares of BEKE opened at $17.24 on Wednesday. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.81 and a 12-month high of $20.98. The firm has a market capitalization of $19.29 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.68 and a beta of -0.26. The firm has a 50-day moving average price of $16.82 and a 200 day moving average price of $16.55. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01.
KE (NYSE:BEKE – Get Free Report) last issued its earnings results on Friday, August 21st. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.59 billion. Sell-side analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current year.
KE Profile
KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.
The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.
Further Reading
- Five stocks we like better than KE
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report).
Receive News & Ratings for KE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KE and related companies with MarketBeat.com's FREE daily email newsletter.
