KE Holdings Inc. (NYSE:BEKE) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 86.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,554 shares of the company's stock after selling 443,931 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in KE were worth $1,404,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its stake in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock valued at $82,000 after buying an additional 4,021 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after purchasing an additional 1,692 shares during the last quarter. XY Capital Ltd boosted its stake in KE by 2,327.3% during the 3rd quarter. XY Capital Ltd now owns 394,818 shares of the company's stock valued at $7,861,000 after purchasing an additional 378,552 shares during the period. M&G PLC grew its position in KE by 16.4% in the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after purchasing an additional 1,422,667 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of KE in the third quarter valued at approximately $1,723,000. Institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective for the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Price Performance

Shares of KE stock traded down $0.41 on Wednesday, hitting $19.99. The company had a trading volume of 9,149,235 shares, compared to its average volume of 9,434,687. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a market cap of $24.43 billion, a PE ratio of 41.65, a PEG ratio of 4.48 and a beta of -0.73. The business has a 50-day simple moving average of $19.55 and a 200-day simple moving average of $16.93.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $2.06. The company had revenue of $23.37 billion for 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 firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. On average, equities research analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

About KE

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.