680,757 Shares in KE Holdings Inc. (NYSE:BEKE) Acquired by UG Investment Advisers Ltd.

UG Investment Advisers Ltd. purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 680,757 shares of the company’s stock, valued at approximately $13,554,000. KE comprises approximately 5.1% of UG Investment Advisers Ltd.’s holdings, making the stock its 6th biggest holding. UG Investment Advisers Ltd. owned about 0.06% of KE as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BEKE. M&G Plc acquired a new position in shares of KE during the first quarter worth approximately $135,880,000. RWC Asset Advisors US LLC bought a new position in KE in the second quarter worth $70,807,000. Price T Rowe Associates Inc. MD lifted its position in KE by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after purchasing an additional 4,736,152 shares during the period. ANTIPODES PARTNERS Ltd lifted its position in KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock worth $59,268,000 after purchasing an additional 2,694,260 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in KE by 1,155.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock worth $46,854,000 after purchasing an additional 2,165,863 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BEKE. Citigroup began coverage on KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $28.00 in a research report on Wednesday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, KE has a consensus rating of “Buy” and an average price target of $25.90.

KE Price Performance

KE stock opened at $22.09 on Friday. The stock has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $16.46. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a market capitalization of $27.01 billion, a P/E ratio of 46.02, a P/E/G ratio of 4.87 and a beta of -0.73.

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

KE Profile

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.