HighVista Strategies LLC Has $335,000 Stake in KE Holdings Inc. (NYSE:BEKE)

HighVista Strategies LLC trimmed its position in KE Holdings Inc. (NYSE:BEKE) by 44.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,707 shares of the company’s stock after selling 19,100 shares during the period. HighVista Strategies LLC’s holdings in KE were worth $335,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BEKE. Blue Trust Inc. raised its stake in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after acquiring an additional 3,168 shares during the last quarter. Parallel Advisors LLC grew its stake in 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 acquiring an additional 1,569 shares during the period. Signaturefd LLC increased its holdings 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 acquiring an additional 866 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of KE during the fourth quarter worth approximately $123,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of KE in the 2nd quarter worth $146,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BEKE. Barclays upped their price objective on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. 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 on the stock.

KE Trading Down 5.6 %

Shares of KE stock opened at $14.37 on Monday. The company has a market capitalization of $17.72 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 3.13 and a beta of -0.74. The stock has a fifty day simple moving average of $14.28 and a 200 day simple moving average of $14.93. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $20.48.

KE (NYSE:BEKE) last posted its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) 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 firm had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that KE Holdings Inc. will post 0.68 EPS 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.