Robeco Institutional Asset Management B.V. Sells 269,971 Shares of KE Holdings Inc. (NYSE:BEKE)

Robeco Institutional Asset Management B.V. reduced its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,175,145 shares of the company's stock after selling 269,971 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of KE worth $23,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position 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 in the last quarter. Signaturefd LLC boosted its holdings in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. US Bancorp DE grew its position in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after acquiring an additional 1,823 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in KE in the 2nd quarter worth about $146,000. Finally, QRG Capital Management Inc. raised its position 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 purchasing an additional 1,360 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on BEKE. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $25.90.

KE Stock Performance

Shares of BEKE stock traded down $0.11 on Wednesday, hitting $22.49. The company had a trading volume of 5,982,650 shares, compared to its average volume of 9,406,999. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The firm has a market cap of $27.50 billion, a P/E ratio of 46.71, a P/E/G ratio of 4.86 and a beta of -0.73. The stock's 50-day moving average is $18.83 and its two-hundred day moving average is $16.65.

KE (NYSE:BEKE - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The business had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $21.51 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research 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.