CloudAlpha Capital Management Limited Hong Kong Purchases New Holdings in KE Holdings Inc. (NYSE:BEKE)

CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 167,734 shares of the company’s stock, valued at approximately $3,340,000. KE accounts for approximately 0.2% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its stake in shares of KE by 29.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock valued at $13,120,000 after purchasing an additional 217,376 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of KE by 10.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 393,483 shares of the company’s stock valued at $5,403,000 after purchasing an additional 37,500 shares during the period. Swedbank AB bought a new stake in shares of KE in the 1st quarter valued at approximately $3,393,000. Lighthouse Investment Partners LLC bought a new stake in shares of KE in the 2nd quarter valued at approximately $1,142,000. Finally, SG Americas Securities LLC grew its stake in shares of KE by 37.6% in the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock valued at $3,337,000 after purchasing an additional 64,449 shares during the period. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

NYSE:BEKE opened at $19.99 on Thursday. The stock’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $16.95. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 4.48 and a beta of -0.73.

KE (NYSE:BEKE) last posted 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 for the quarter, compared to the consensus estimate of $21.51 billion. During the same quarter in the prior year, the business earned $0.17 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts predict that KE Holdings Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BEKE. Citigroup began coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Company 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.