KE Holdings Inc. (NYSE:BEKE) Holdings Lifted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 40.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,000 shares of the company’s stock after buying an additional 33,200 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in KE were worth $1,579,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BEKE. Mariner LLC boosted its stake in KE by 31.9% during the third quarter. Mariner LLC now owns 75,458 shares of the company’s stock valued at $1,171,000 after buying an additional 18,263 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of KE by 108.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 26,853 shares of the company’s stock valued at $417,000 after purchasing an additional 14,001 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of KE in the 3rd quarter valued at $3,213,000. Lazard Asset Management LLC boosted its position in shares of KE by 13.6% in the 3rd quarter. Lazard Asset Management LLC now owns 790,169 shares of the company’s stock valued at $12,263,000 after purchasing an additional 94,624 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of KE by 6.4% in the 3rd quarter. Penserra Capital Management LLC now owns 102,553 shares of the company’s stock valued at $1,591,000 after purchasing an additional 6,194 shares during the period. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BEKE shares. Citigroup reiterated a “buy” rating and issued a $21.10 price target on shares of KE in a research report on Tuesday, March 19th. Barclays increased their price target on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, HSBC decreased their price target on KE from $23.90 to $21.80 and set a “buy” rating for the company in a research report on Friday, March 15th.

KE Trading Up 1.9 %

Shares of NYSE BEKE opened at $15.06 on Wednesday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $20.48. The firm has a market capitalization of $18.56 billion, a PE ratio of 36.72, a PEG ratio of 2.96 and a beta of -0.75. The business has a 50-day moving average price of $16.33 and a two-hundred day moving average price of $14.90.

KE (NYSE:BEKE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. KE had a return on equity of 6.04% and a net margin of 4.80%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.20 billion. Research analysts anticipate that KE Holdings Inc. will post 0.72 EPS for the current 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.