Truist Financial Corp Sells 1,791 Shares of KE Holdings Inc. (NYSE:BEKE)

Truist Financial Corp lowered its position in KE Holdings Inc. (NYSE:BEKE) by 5.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,003 shares of the company’s stock after selling 1,791 shares during the quarter. Truist Financial Corp’s holdings in KE were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BEKE. Blue Trust Inc. lifted its position in shares of KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares during the period. Signaturefd LLC lifted its position in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE in the 2nd quarter worth approximately $146,000. QRG Capital Management Inc. lifted its position in shares of KE by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock worth $183,000 after acquiring an additional 1,360 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of KE by 25.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock worth $201,000 after acquiring an additional 2,939 shares during the period. Institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company. Bank of America increased their target price on KE from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.90.

KE Trading Down 11.2 %

Shares of BEKE opened at $19.47 on Friday. The stock has a 50 day simple moving average of $17.09 and a 200-day simple moving average of $15.90. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The stock has a market cap of $24.01 billion, a PE ratio of 47.49, a PEG ratio of 4.76 and a beta of -0.71.

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