KE Holdings Inc. (NYSE:BEKE) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 35.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,684 shares of the company’s stock after selling 202,356 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in KE were worth $7,283,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BEKE. Blue Trust Inc. boosted its stake in shares of KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares during the period. Signaturefd LLC boosted its stake in shares of KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of KE in the second quarter valued at approximately $146,000. QRG Capital Management Inc. boosted its stake in shares of KE by 11.3% in the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after purchasing an additional 1,360 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in KE by 25.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock worth $201,000 after acquiring an additional 2,939 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America lifted 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 assumed coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and an average price target of $24.90.

KE Trading Up 6.2 %

Shares of NYSE:BEKE opened at $22.07 on Tuesday. The company has a market capitalization of $27.21 billion, a PE ratio of 53.83, a P/E/G ratio of 4.76 and a beta of -0.71. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The firm has a 50 day simple moving average of $17.94 and a 200-day simple moving average of $16.26.

KE (NYSE:BEKE) last issued its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $2.06. The business had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The company’s 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 EPS. As a group, equities research analysts predict 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.