Janney Montgomery Scott LLC Takes Position in KE Holdings Inc. (NYSE:BEKE)

Janney Montgomery Scott LLC acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 86,547 shares of the company's stock, valued at approximately $1,723,000.

Several other hedge funds have also recently made changes to their positions in the business. M&G Plc purchased a new stake in KE in the 1st quarter worth about $135,880,000. RWC Asset Advisors US LLC purchased a new stake in KE in the 2nd quarter worth about $70,807,000. Price T Rowe Associates Inc. MD raised its position in KE by 14.1% in the 1st 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. ANTIPODES PARTNERS Ltd raised its position in KE by 180.3% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company's stock worth $59,268,000 after purchasing an additional 2,694,260 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in KE by 1,155.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock worth $46,854,000 after purchasing an additional 2,165,863 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BEKE shares. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Down 3.1 %

Shares of NYSE BEKE traded down $0.62 during trading on Thursday, hitting $19.36. The company had a trading volume of 8,237,078 shares, compared to its average volume of 9,429,307. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 4.48 and a beta of -0.73. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The stock has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $16.97.

KE (NYSE:BEKE - Get Free Report) last posted 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. 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 analyst estimates of $21.51 billion. During the same period in the previous year, the business posted $0.17 earnings per share. KE's quarterly revenue was up 19.9% on a year-over-year basis. On average, 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.