Sei Investments Co. Has $10.15 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Sei Investments Co. lessened its position in KE Holdings Inc. (NYSE:BEKE) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 717,621 shares of the company’s stock after selling 1,624 shares during the period. Sei Investments Co. owned approximately 0.06% of KE worth $10,154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEKE. XTX Topco Ltd acquired a new stake in KE in the 2nd quarter valued at $392,000. Seven Eight Capital LP bought a new stake in shares of KE during the second quarter worth about $726,000. Hsbc Holdings PLC raised its holdings in shares of KE by 8.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,196,325 shares of the company’s stock worth $31,056,000 after acquiring an additional 179,253 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in KE in the 2nd quarter valued at about $146,000. Finally, Turiya Advisors Asia Ltd boosted its stake in KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock valued at $71,743,000 after purchasing an additional 1,824,206 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock.

KE Stock Performance

KE stock opened at $20.00 on Friday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $20.48. The firm’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $15.08. The stock has a market cap of $24.66 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.40 and a beta of -0.74.

KE (NYSE:BEKE) last released its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $2.06. The company had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. KE’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. As a group, 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.