KE Holdings Inc. (NYSE:BEKE) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,029,675 shares of the company’s stock after acquiring an additional 21,529 shares during the quarter. AQR Capital Management LLC owned approximately 0.08% of KE worth $14,570,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its holdings in KE by 71.4% in the first quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company’s stock valued at $1,648,000 after purchasing an additional 50,000 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of KE by 29.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock valued at $13,120,000 after buying an additional 217,376 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of KE by 10.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 393,483 shares of the company’s stock worth $5,403,000 after buying an additional 37,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of KE by 57.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,299,776 shares of the company’s stock worth $21,069,000 after buying an additional 476,722 shares during the period. Finally, Capital World Investors boosted its holdings in KE by 24.9% in the fourth quarter. Capital World Investors now owns 13,861,852 shares of the company’s stock valued at $224,701,000 after acquiring an additional 2,763,209 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Citigroup began coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company.

KE Price Performance

KE stock opened at $23.39 on Wednesday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $23.41. The company has a market capitalization of $28.84 billion, a price-to-earnings ratio of 57.05, a price-to-earnings-growth ratio of 3.40 and a beta of -0.74. The firm’s fifty day moving average price is $14.90 and its 200 day moving average price is $15.19.

KE (NYSE:BEKE) last announced its earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. The business 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%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Analysts forecast 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.