Massachusetts Financial Services Co. MA Cuts Position in KE Holdings Inc. (NYSE:BEKE)

Massachusetts Financial Services Co. MA lessened its position in shares of KE Holdings Inc. (NYSE:BEKE) by 25.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 302,470 shares of the company’s stock after selling 102,553 shares during the period. Massachusetts Financial Services Co. MA’s holdings in KE were worth $4,280,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of KE by 2,662.2% during 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. Parallel Advisors LLC boosted its position in shares of KE by 90.4% during the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after acquiring an additional 1,569 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in shares of KE in the 4th quarter valued at about $123,000. Signaturefd LLC raised its position in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in KE by 11.3% during the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock worth $183,000 after purchasing an additional 1,360 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BEKE shares. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target on the stock. Barclays lifted their price target on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th.

KE Trading Down 5.6 %

BEKE stock opened at $14.37 on Friday. The company has a market capitalization of $17.72 billion, a P/E ratio of 35.05, a PEG ratio of 3.13 and a beta of -0.74. The business has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $14.90. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $20.48.

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

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.