DekaBank Deutsche Girozentrale Has $550,000 Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

DekaBank Deutsche Girozentrale lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 71.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,637 shares of the company's stock after selling 68,167 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in KE were worth $550,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in 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 buying an additional 4,736,152 shares during the period. Capital World Investors increased its stake in shares of 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 purchasing an additional 804,773 shares during the last quarter. M&G Plc acquired a new position in shares of KE during the 1st quarter worth $135,880,000. Turiya Advisors Asia Ltd increased its stake 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 worth $71,743,000 after purchasing an additional 1,824,206 shares during the last quarter. Finally, RWC Asset Advisors US LLC acquired a new position in shares of KE during the 2nd quarter worth $70,807,000. Institutional investors and hedge funds own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BEKE. Citigroup began coverage on shares of KE in a research note on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $24.00 to $28.00 in a research note on Wednesday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, KE presently has an average rating of "Buy" and an average target price of $25.90.

KE Stock Up 0.7 %

NYSE BEKE traded up $0.16 during midday trading on Friday, hitting $22.09. The company had a trading volume of 8,327,015 shares, compared to its average volume of 14,049,310. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 4.82 and a beta of -0.73. The firm has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $16.49. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

KE (NYSE:BEKE - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) 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 net margin of 5.32% and a return on equity of 6.74%. The business's quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. As a group, equities analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current 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.