National Pension Service Lowers Stake in KE Holdings Inc. (NYSE:BEKE)

National Pension Service decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,675 shares of the company's stock after selling 21,574 shares during the period. National Pension Service's holdings in KE were worth $3,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BEKE. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 valued at $526,734,000 after purchasing an additional 4,736,152 shares in the last quarter. Capital World Investors increased its holdings in KE by 5.8% in the first quarter. Capital World Investors now owns 14,666,625 shares of the company's stock valued at $201,373,000 after buying an additional 804,773 shares in the last quarter. M&G Plc purchased a new position in KE in the first quarter valued at about $135,880,000. Turiya Advisors Asia Ltd lifted its position in shares of KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock valued at $71,743,000 after acquiring an additional 1,824,206 shares during the period. Finally, RWC Asset Advisors US LLC purchased a new stake in shares of KE during the 2nd quarter worth approximately $70,807,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several research reports. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price objective for the company. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $25.90.

KE Price Performance

NYSE:BEKE traded down $2.51 on Friday, reaching $20.99. The stock had a trading volume of 15,022,766 shares, compared to its average volume of 9,443,729. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The company has a market cap of $25.66 billion, a price-to-earnings ratio of 45.46, a P/E/G ratio of 4.87 and a beta of -0.73. The firm's fifty day moving average is $19.18 and its two-hundred day moving average is $16.74.

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 analysts' consensus estimates 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 analyst estimates of $21.51 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, research analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal 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.