KE Holdings Inc. (NYSE:BEKE) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 1,155.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,353,268 shares of the company's stock after buying an additional 2,165,863 shares during the quarter. Assenagon Asset Management S.A. owned about 0.19% of KE worth $46,854,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BEKE. Blue Trust Inc. grew its position in shares of KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after acquiring an additional 3,168 shares in the last quarter. Signaturefd LLC grew its position in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock worth $110,000 after acquiring an additional 866 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE in the 2nd quarter worth approximately $146,000. QRG Capital Management Inc. grew its position in shares of KE by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company's stock worth $183,000 after acquiring an additional 1,360 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of KE by 25.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company's stock worth $201,000 after acquiring an additional 2,939 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

Shares of NYSE BEKE traded up $0.35 during mid-day trading on Friday, hitting $20.78. The company had a trading volume of 6,159,880 shares, compared to its average volume of 9,426,722. The stock has a market cap of $25.62 billion, a price-to-earnings ratio of 49.83, a PEG ratio of 4.76 and a beta of -0.71. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The firm's 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $16.13.

KE (NYSE:BEKE - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $2.06. The firm had revenue of $23.37 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.17 EPS. Equities analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

BEKE has been the subject of several research reports. Citigroup initiated coverage on KE in a research report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. Bank of America raised their price target on KE from $21.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, KE presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.90.

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.