MBB Public Markets I LLC Buys New Shares in KE Holdings Inc. (NYSE:BEKE)

MBB Public Markets I LLC purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,321 shares of the company’s stock, valued at approximately $627,000.

A number of other large investors also recently bought and sold shares of BEKE. QRG Capital Management Inc. raised its position in shares of KE by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after buying an additional 683 shares during the period. Signaturefd LLC increased its stake in KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares during the period. Dodge & Cox lifted its stake in shares of KE by 5.8% in the 4th quarter. Dodge & Cox now owns 38,440 shares of the company’s stock valued at $623,000 after purchasing an additional 2,100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of KE by 25.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock valued at $201,000 after purchasing an additional 2,939 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

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

KE Price Performance

Shares of BEKE opened at $23.39 on Wednesday. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $23.41. The stock has a market cap of $28.84 billion, a PE ratio of 57.05, a P/E/G ratio of 3.40 and a beta of -0.74. The stock’s 50-day moving average is $14.90 and its two-hundred day moving average is $15.19.

KE (NYSE:BEKE) last released its quarterly earnings results on Monday, August 12th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $0.22 by $2.06. KE had a return on equity of 6.74% and a net margin of 5.32%. The firm had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. During the same period in the previous year, the company posted $0.17 EPS. KE’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, research analysts anticipate that KE Holdings Inc. will post 0.68 earnings per share for the current year.

KE Company 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.