Skandinaviska Enskilda Banken AB publ Sells 596,804 Shares of KE Holdings Inc. (NYSE:BEKE)

Skandinaviska Enskilda Banken AB publ cut its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 86.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,600 shares of the company's stock after selling 596,804 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in KE were worth $1,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of KE by 14.1% in the first 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 during the period. Wellington Management Group LLP lifted its position in KE by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company's stock worth $304,865,000 after acquiring an additional 2,008,418 shares during the last quarter. Capital World Investors lifted its position in KE by 5.8% during the 1st quarter. Capital World Investors now owns 14,666,625 shares of the company's stock worth $201,373,000 after acquiring an additional 804,773 shares during the last quarter. M&G Plc bought a new stake in KE during the first quarter valued at about $135,880,000. Finally, Schroder Investment Management Group grew its position in shares of KE by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 5,534,372 shares of the company's stock valued at $89,712,000 after purchasing an additional 113,910 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BEKE has been the subject of several recent analyst reports. Barclays increased their target price on KE from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, May 29th. Citigroup assumed coverage on KE in a research report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective for the company.

KE Price Performance

Shares of NYSE BEKE traded up $1.48 during mid-day trading on Tuesday, hitting $16.93. The company had a trading volume of 26,451,340 shares, compared to its average volume of 7,860,639. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $20.48. The firm has a market cap of $20.88 billion, a P/E ratio of 41.29, a PEG ratio of 3.13 and a beta of -0.74. The business's 50-day simple moving average is $14.29 and its 200-day simple moving average is $14.95.

KE (NYSE:BEKE - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. KE's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 EPS. As a group, sell-side analysts predict that KE Holdings Inc. will post 0.68 EPS 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.