167,734 Shares in KE Holdings Inc. (NYSE:BEKE) Bought by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong bought a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 167,734 shares of the company's stock, valued at approximately $3,340,000. KE accounts for about 0.2% of CloudAlpha Capital Management Limited Hong Kong's investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings 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 buying an additional 3,168 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after purchasing an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after purchasing an additional 4,021 shares in the last quarter. US Bancorp DE boosted its holdings in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after acquiring an additional 1,823 shares during the period. Finally, Signaturefd LLC boosted its holdings in KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after acquiring an additional 866 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup began coverage on shares of KE in a research report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock.

KE Trading Down 3.1 %

NYSE BEKE traded down $0.62 during trading on Thursday, hitting $19.36. The company had a trading volume of 8,101,192 shares, compared to its average volume of 9,428,683. The company's fifty day moving average is $19.65 and its 200-day moving average is $16.95. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 4.48 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05.

KE (NYSE:BEKE - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same period last year, the firm posted $0.17 EPS. The company's revenue was up 19.9% on a year-over-year basis. As a group, equities analysts anticipate that KE Holdings Inc. will post 0.68 EPS 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.