Seven Eight Capital LP Invests $726,000 in KE Holdings Inc. (NYSE:BEKE)

Seven Eight Capital LP bought a new stake in KE Holdings Inc. (NYSE:BEKE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,283 shares of the company’s stock, valued at approximately $726,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. QRG Capital Management Inc. boosted its position in KE by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock valued at $199,000 after buying an additional 683 shares during the last quarter. Signaturefd LLC boosted its holdings in KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the last quarter. Parallel Advisors LLC grew its stake in KE by 90.4% during the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after purchasing an additional 1,569 shares in the last quarter. Dodge & Cox increased its holdings in KE by 5.8% during the 4th quarter. Dodge & Cox now owns 38,440 shares of the company’s stock worth $623,000 after purchasing an additional 2,100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised 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 valued at $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 Trading Down 5.6 %

Shares of 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 firm has a market cap of $17.72 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 3.13 and a beta of -0.74. The stock has a 50 day moving average of $14.28 and a 200-day moving average of $14.90.

KE (NYSE:BEKE) last released its quarterly earnings data on Monday, August 12th. The company reported $2.28 EPS 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 firm had revenue of $23.37 billion during the quarter, compared to the consensus estimate of $21.51 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.