KE Holdings Inc. (NYSE:BEKE) Position Lowered by Krane Funds Advisors LLC

Krane Funds Advisors LLC decreased its holdings in KE Holdings Inc. (NYSE:BEKE) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,070,032 shares of the company’s stock after selling 871,856 shares during the quarter. KE makes up 10.8% of Krane Funds Advisors LLC’s portfolio, making the stock its 2nd biggest position. Krane Funds Advisors LLC owned 1.22% of KE worth $300,044,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BEKE. Blue Trust Inc. lifted its position in shares of KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares in the last quarter. Signaturefd LLC increased its stake in shares of KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after buying an additional 866 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of KE during the second quarter worth $146,000. QRG Capital Management Inc. increased its stake in KE by 11.3% in the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after purchasing an additional 1,360 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of KE by 25.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock valued at $201,000 after purchasing an additional 2,939 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

Shares of KE stock opened at $20.53 on Tuesday. The company’s 50 day moving average price is $17.23 and its 200-day moving average price is $15.98. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 50.07, a P/E/G ratio of 4.76 and a beta of -0.71.

KE (NYSE:BEKE) last issued its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. KE had a return on equity of 6.74% and a net margin of 5.32%. The company had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same quarter last year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

BEKE has been the topic of a number of research analyst reports. Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock. Bank of America boosted their target price on KE from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.90.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.