Creative Planning Grows Stock Position in KE Holdings Inc. (NYSE:BEKE)

Creative Planning raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,002 shares of the company’s stock after acquiring an additional 1,988 shares during the quarter. Creative Planning’s holdings in KE were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted 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 worth $45,000 after acquiring an additional 3,168 shares during the period. Signaturefd LLC increased 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 acquiring an additional 866 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in KE during the second 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 valued at $183,000 after acquiring an additional 1,360 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of KE by 25.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock worth $201,000 after purchasing an additional 2,939 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Up 0.4 %

Shares of BEKE stock opened at $22.17 on Tuesday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The firm has a fifty day moving average of $18.52 and a 200-day moving average of $16.51. The company has a market capitalization of $27.10 billion, a price-to-earnings ratio of 46.19, a P/E/G ratio of 4.82 and a beta of -0.73.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $25.90.

KE Company 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.