Hsbc Holdings PLC Purchases 179,253 Shares of KE Holdings Inc. (NYSE:BEKE)

Hsbc Holdings PLC grew its position in KE Holdings Inc. (NYSE:BEKE) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,196,325 shares of the company’s stock after acquiring an additional 179,253 shares during the period. Hsbc Holdings PLC owned 0.18% of KE worth $31,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. QRG Capital Management Inc. lifted its position in KE by 5.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after buying an additional 683 shares in the last quarter. Signaturefd LLC grew its stake in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of KE by 90.4% in the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after purchasing an additional 1,569 shares in the last quarter. Dodge & Cox raised its position in KE by 5.8% in the 4th quarter. Dodge & Cox now owns 38,440 shares of the company’s stock worth $623,000 after purchasing an additional 2,100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in KE by 25.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock worth $201,000 after buying an additional 2,939 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

KE Price Performance

Shares of NYSE:BEKE opened at $14.37 on Friday. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 3.13 and a beta of -0.74. The firm’s 50 day simple moving average is $14.28 and its 200 day simple moving average is $14.90. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $20.48.

KE (NYSE:BEKE) last posted its earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The company had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. During the same period last year, the business posted $0.17 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts expect that KE Holdings Inc. will post 0.68 earnings per share 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.