M&G Plc Boosts Stock Position in KE Holdings Inc. (NYSE:BEKE)

M&G PLC lifted its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,090,834 shares of the company's stock after purchasing an additional 1,422,667 shares during the quarter. KE comprises about 1.0% of M&G PLC's holdings, making the stock its 19th biggest holding. M&G PLC owned approximately 0.83% of KE worth $201,817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BEKE. Blue Trust Inc. increased its position in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after purchasing an additional 3,168 shares during the last quarter. Signaturefd LLC increased its position in shares of 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 last quarter. US Bancorp DE raised its stake in shares of KE by 41.6% in the 3rd 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. Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE in the 2nd quarter worth approximately $146,000. Finally, QRG Capital Management Inc. boosted its position in shares of KE by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company's stock worth $183,000 after purchasing an additional 1,360 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and upped their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup began coverage on KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $25.90.

KE Stock Performance

Shares of KE stock traded up $1.01 during trading hours on Thursday, reaching $23.50. 11,668,994 shares of the company were exchanged, compared to its average volume of 9,417,696. The firm has a market cap of $28.73 billion, a PE ratio of 46.85, a PEG ratio of 4.86 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The stock's fifty day moving average is $19.00 and its 200 day moving average is $16.69.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings results 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. KE had a return on equity of 6.74% and a net margin of 5.32%. The company had revenue of $23.37 billion for the quarter, compared to the consensus estimate of $21.51 billion. During the same quarter in the prior year, the business earned $0.17 EPS. KE's revenue was up 19.9% on a year-over-year basis. Research analysts expect that KE Holdings Inc. will post 0.68 earnings per share for the current year.

KE 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.