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

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E Fund Management Hong Kong Co. Ltd. raised its position in KE Holdings Inc. (NYSE:BEKE – Get Rating) by 38.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 624,643 shares of the company’s stock after acquiring an additional 174,067 shares during the period. KE makes up about 6.6% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 5th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in KE were worth $11,768,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BEKE. CI Investments Inc. grew its stake in KE by 652.8% in the fourth quarter. CI Investments Inc. now owns 5,345 shares of the company’s stock valued at $75,000 after acquiring an additional 4,635 shares during the period. 1832 Asset Management L.P. bought a new position in shares of KE in the fourth quarter valued at approximately $94,000. Jefferies Financial Group Inc. bought a new position in shares of KE in the fourth quarter valued at approximately $140,000. Envestnet Asset Management Inc. lifted its holdings in shares of KE by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company’s stock valued at $152,000 after purchasing an additional 1,779 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of KE in the fourth quarter valued at approximately $183,000. Institutional investors and hedge funds own 38.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on KE in a report on Friday, February 24th. They issued a “buy” rating on the stock. TheStreet lowered KE from a “c-” rating to a “d+” rating in a report on Monday, April 24th. JPMorgan Chase & Co. lifted their price target on KE from $23.00 to $23.50 and gave the stock an “overweight” rating in a report on Friday, April 7th. Barclays lifted their price target on KE from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, March 30th. Finally, New Street Research initiated coverage on KE in a report on Tuesday, May 9th. They set a “buy” rating and a $22.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $23.62.

KE Price Performance

Shares of BEKE traded down $0.34 during mid-day trading on Friday, hitting $14.74. The stock had a trading volume of 2,831,278 shares, compared to its average volume of 8,412,067. The firm has a market cap of $18.30 billion, a P/E ratio of 68.55, a PEG ratio of 0.58 and a beta of -1.11. The business has a fifty day moving average price of $16.13 and a 200-day moving average price of $17.16. KE Holdings Inc. has a 52 week low of $9.09 and a 52 week high of $21.08.

KE (NYSE:BEKE – Get Rating) last issued its earnings results on Thursday, May 18th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.20. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.64 billion. KE had a return on equity of 4.40% and a net margin of 2.80%. As a group, research analysts expect that KE Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

KE Profile

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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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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