KE Holdings Inc. (NYSE:BEKE) Holdings Trimmed by Swedbank AB

Swedbank AB lowered its holdings in KE Holdings Inc. (NYSE:BEKE) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,693 shares of the company’s stock after selling 12,400 shares during the period. Swedbank AB’s holdings in KE were worth $4,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BEKE. M&G Plc purchased a new stake in KE in the 1st quarter worth about $135,880,000. RWC Asset Advisors US LLC acquired a new stake in shares of KE during the second quarter worth approximately $70,807,000. Price T Rowe Associates Inc. MD grew its position in 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 valued at $526,734,000 after purchasing an additional 4,736,152 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in KE by 180.3% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares during the period. Finally, Turiya Advisors Asia Ltd lifted its position in KE by 56.2% in the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after buying an additional 1,824,206 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America upped their price target on shares of KE from $21.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Citigroup began coverage on KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.90.

KE Trading Up 8.4 %

BEKE stock opened at $21.10 on Friday. The firm has a market cap of $26.02 billion, a PE ratio of 51.46, a PEG ratio of 4.76 and a beta of -0.71. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The company has a fifty day simple moving average of $17.23 and a 200 day simple moving average of $15.95.

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