Rhumbline Advisers Trims Stock Position in KE Holdings Inc. (NYSE:BEKE)

Rhumbline Advisers lessened its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 19.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,408 shares of the company’s stock after selling 24,819 shares during the period. Rhumbline Advisers’ holdings in KE were worth $1,477,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of KE by 90.4% in the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after acquiring an additional 1,569 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in KE in the fourth quarter worth about $123,000. Signaturefd LLC grew its holdings in KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in KE by 11.3% during the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after purchasing an additional 1,360 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Down 5.6 %

NYSE BEKE opened at $14.37 on Friday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $20.48. The company has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.90. The firm has a market cap of $17.72 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 3.13 and a beta of -0.74.

KE (NYSE:BEKE) last issued its quarterly 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 the consensus estimate of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, equities research analysts anticipate that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup began coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock. Barclays lifted their price target on KE from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th.

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.