Vanguard Group Inc. Raises Stake in KE Holdings Inc. (NYSE:BEKE)

Vanguard Group Inc. lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,622,333 shares of the company’s stock after purchasing an additional 47,050 shares during the quarter. Vanguard Group Inc. owned about 2.06% of KE worth $415,338,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of KE by 90.4% during the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares during the period. Headlands Technologies LLC purchased a new position in KE in the 4th quarter worth approximately $76,000. Barometer Capital Management Inc. purchased a new position in KE in the 4th quarter worth approximately $123,000. Blue Trust Inc. boosted its holdings in KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $154,000 after acquiring an additional 7,737 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in KE by 33.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock worth $175,000 after acquiring an additional 2,693 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Down 0.7 %

Shares of BEKE opened at $15.17 on Thursday. The business’s 50 day moving average is $16.20 and its two-hundred day moving average is $14.93. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $20.48. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 3.20 and a beta of -0.72.

KE (NYSE:BEKE) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.20 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. On average, equities analysts expect that KE Holdings Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup restated a “buy” rating and issued a $21.10 price target on shares of KE in a report on Tuesday, March 19th. HSBC decreased their price target on KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Barclays upped their target price on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th.

About KE

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.