KE Holdings Inc. (NYSE:BEKE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,408 shares of the company’s stock after selling 24,819 shares during the period. Rhumbline Advisers’ holdings in KE were worth $1,477,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BEKE. M&G Plc purchased a new position in KE in the 1st quarter worth $135,880,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after purchasing an additional 4,736,152 shares during the period. Coatue Management LLC boosted its position in KE by 169.7% in the fourth quarter. Coatue Management LLC now owns 5,015,918 shares of the company’s stock valued at $81,308,000 after buying an additional 3,155,995 shares during the last quarter. Capital World Investors boosted its position in KE by 24.9% in the fourth quarter. Capital World Investors now owns 13,861,852 shares of the company’s stock valued at $224,701,000 after buying an additional 2,763,209 shares during the last quarter. Finally, Norges Bank purchased a new position in KE during the 4th quarter worth approximately $43,492,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Down 5.6 %

Shares of NYSE:BEKE opened at $14.37 on Friday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $20.48. The business has a 50 day moving average of $14.28 and a two-hundred day moving average of $14.90. The company has a market capitalization of $17.72 billion, a PE ratio of 35.05, a PEG ratio of 3.13 and a beta of -0.74.

KE (NYSE:BEKE) last announced its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.37 billion for the quarter, compared to the consensus estimate of $21.51 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities research analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.