Daiwa Securities Group Inc. Grows Holdings in KE Holdings Inc. (NYSE:BEKE)

Daiwa Securities Group Inc. raised its position in KE Holdings Inc. (NYSE:BEKE) by 21.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,419 shares of the company’s stock after buying an additional 13,026 shares during the period. Daiwa Securities Group Inc.’s holdings in KE were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. purchased a new position in KE in the second quarter valued at $15,248,000. Prudential PLC increased its holdings in KE by 6.0% in the second quarter. Prudential PLC now owns 440,959 shares of the company’s stock valued at $6,240,000 after buying an additional 24,824 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of KE during the second quarter worth about $11,539,000. Finally, RWC Asset Management LLP purchased a new stake in shares of KE during the second quarter worth about $13,060,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BEKE. Barclays boosted their target price on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. Citigroup began coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company.

KE Trading Down 1.5 %

BEKE opened at $13.39 on Monday. The firm has a market capitalization of $16.51 billion, a PE ratio of 32.66, a PEG ratio of 3.13 and a beta of -0.74. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $20.48. The firm’s 50-day moving average price is $14.39 and its 200 day moving average price is $14.89.

KE (NYSE:BEKE) last posted its quarterly earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. The firm 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%. KE’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. As a group, analysts predict that KE Holdings Inc. will post 0.68 earnings per share 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.