Janney Montgomery Scott LLC Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Janney Montgomery Scott LLC purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 86,547 shares of the company’s stock, valued at approximately $1,723,000.

Other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in shares of KE by 5.1% during the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after purchasing an additional 683 shares during the last quarter. Signaturefd LLC boosted 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 worth $110,000 after purchasing an additional 866 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of KE by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,271 shares during the last quarter. US Bancorp DE boosted its holdings in shares of KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Creative Planning boosted its holdings in shares of KE by 7.1% during the third quarter. Creative Planning now owns 30,002 shares of the company’s stock worth $597,000 after purchasing an additional 1,988 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

BEKE has been the topic of a number of research analyst reports. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

KE Trading Down 2.0 %

Shares of KE stock opened at $19.99 on Thursday. The business’s fifty day moving average price is $19.65 and its 200 day moving average price is $16.95. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The stock has a market capitalization of $24.43 billion, a P/E ratio of 41.64, a PEG ratio of 4.48 and a beta of -0.73.

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

About KE

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.