KE Holdings Inc. (NYSE:BEKE) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lowered its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 9.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 477,638 shares of the company's stock after selling 48,961 shares during the period. KE accounts for approximately 5.7% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 4th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in KE were worth $9,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after buying an additional 3,168 shares during the last quarter. Signaturefd LLC increased its holdings in KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after buying an additional 866 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in KE in the second quarter valued at about $146,000. QRG Capital Management Inc. increased its holdings in KE by 11.3% in the first quarter. QRG Capital Management Inc. now owns 13,357 shares of the company's stock valued at $183,000 after buying an additional 1,360 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in KE by 25.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company's stock valued at $201,000 after buying an additional 2,939 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BEKE shares. Citigroup started coverage on KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price for the company. Bank of America raised KE from a "neutral" rating to a "buy" rating and upped their target price for the company from $24.00 to $28.00 in a report on Wednesday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $25.90.

KE Price Performance

BEKE stock traded down $0.24 on Thursday, reaching $21.93. The company's stock had a trading volume of 8,685,945 shares, compared to its average volume of 9,456,016. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a market capitalization of $26.81 billion, a P/E ratio of 53.49, a price-to-earnings-growth ratio of 4.76 and a beta of -0.71. The firm has a fifty day moving average of $18.38 and a two-hundred day moving average of $16.40.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share (EPS) 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 business had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same period 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, equities analysts expect that KE Holdings Inc. will post 0.68 EPS for the current fiscal year.

KE Company 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.