Marshall Wace LLP Has $28.06 Million Stake in KE Holdings Inc. (NYSE:BEKE)

Marshall Wace LLP lowered its stake in KE Holdings Inc. (NYSE:BEKE) by 22.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,982,660 shares of the company’s stock after selling 586,833 shares during the period. Marshall Wace LLP’s holdings in KE were worth $28,055,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of KE by 54.5% in the second quarter. Bank of Montreal Can now owns 98,600 shares of the company’s stock worth $1,395,000 after buying an additional 34,800 shares during the last quarter. Public Sector Pension Investment Board lifted its position in KE by 1.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 222,826 shares of the company’s stock worth $3,153,000 after acquiring an additional 4,000 shares during the last quarter. XTX Topco Ltd acquired a new position in KE during the 2nd quarter worth $392,000. Seven Eight Capital LP acquired a new stake in shares of KE in the second quarter valued at about $726,000. Finally, Hsbc Holdings PLC increased its stake in shares of KE by 8.9% in the second quarter. Hsbc Holdings PLC now owns 2,196,325 shares of the company’s stock worth $31,056,000 after purchasing an additional 179,253 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

NYSE:BEKE opened at $19.68 on Friday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $20.48. The company has a fifty day moving average price of $14.48 and a 200 day moving average price of $15.02. The stock has a market cap of $24.27 billion, a P/E ratio of 48.00, a PEG ratio of 3.40 and a beta of -0.74.

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

Wall Street Analysts Forecast Growth

Separately, Citigroup assumed coverage on KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company.

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.