Skandinaviska Enskilda Banken AB publ Reduces Stake in KE Holdings Inc. (NYSE:BEKE)

Skandinaviska Enskilda Banken AB publ reduced its stake in KE Holdings Inc. (NYSE:BEKE) by 86.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,600 shares of the company’s stock after selling 596,804 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in KE were worth $1,324,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after buying an additional 3,168 shares in the last quarter. 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. Signaturefd LLC grew its holdings in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares during the period. Barometer Capital Management Inc. purchased a new position in shares of KE during the 4th quarter worth $123,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of KE during the 2nd quarter worth $146,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

BEKE stock opened at $15.45 on Tuesday. The firm has a market capitalization of $19.05 billion, a P/E ratio of 37.68, a P/E/G ratio of 3.13 and a beta of -0.74. The business’s 50-day moving average is $14.29 and its two-hundred day moving average is $14.95. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $20.48.

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

Analyst Upgrades and Downgrades

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

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.