XY Capital Ltd Acquires 378,552 Shares of KE Holdings Inc. (NYSE:BEKE)

XY Capital Ltd grew its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 2,327.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 394,818 shares of the company's stock after acquiring an additional 378,552 shares during the quarter. KE comprises about 2.7% of XY Capital Ltd's portfolio, making the stock its 4th largest position. XY Capital Ltd's holdings in KE were worth $7,861,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 worth $526,734,000 after buying an additional 4,736,152 shares during the period. Capital World Investors grew its holdings 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 in the last quarter. M&G PLC increased its position in KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock valued at $201,817,000 after purchasing an additional 1,422,667 shares during the period. M&G Plc purchased a new stake in shares of KE in the 1st quarter worth approximately $135,880,000. Finally, Turiya Advisors Asia Ltd boosted its stake in shares of KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock valued at $71,743,000 after purchasing an additional 1,824,206 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, KE has an average rating of "Buy" and a consensus price target of $25.90.

KE Trading Down 10.7 %

Shares of BEKE stock traded down $2.51 during trading hours on Friday, reaching $20.99. 15,040,059 shares of the company's stock were exchanged, compared to its average volume of 10,572,662. The stock's fifty day moving average price is $19.31 and its two-hundred day moving average price is $16.82. The stock has a market cap of $25.66 billion, a PE ratio of 43.73, a PEG ratio of 4.94 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.

KE (NYSE:BEKE - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $2.06. The company had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $21.51 billion. KE had a net margin of 5.32% and a return on equity of 6.74%. The firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, equities analysts expect that KE Holdings Inc. will post 0.68 EPS for the current fiscal 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.