Profund Advisors LLC Has $1.12 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Profund Advisors LLC cut its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,403 shares of the company’s stock after selling 6,927 shares during the period. Profund Advisors LLC’s holdings in KE were worth $1,124,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BEKE. Price T Rowe Associates Inc. MD boosted its stake in KE by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after purchasing an additional 4,736,152 shares during the period. Wellington Management Group LLP increased its position in KE by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company’s stock worth $304,865,000 after acquiring an additional 2,008,418 shares during the period. Capital World Investors increased its position in KE by 5.8% during the first quarter. Capital World Investors now owns 14,666,625 shares of the company’s stock worth $201,373,000 after acquiring an additional 804,773 shares during the period. M&G Plc acquired a new stake in KE in the 1st quarter worth about $135,880,000. Finally, Schroder Investment Management Group boosted its holdings in KE by 2.1% in the 4th quarter. Schroder Investment Management Group now owns 5,534,372 shares of the company’s stock valued at $89,712,000 after purchasing an additional 113,910 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 7.5 %

Shares of KE stock opened at $15.45 on Tuesday. The company has a 50 day moving average of $14.29 and a 200-day moving average of $14.95. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $20.48. The company has a market cap of $19.05 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 3.13 and a beta of -0.74.

KE (NYSE:BEKE) last issued its 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 net margin of 5.32% and a return on equity of 6.74%. The firm had revenue of $23.37 billion for the quarter, compared to analyst estimates of $21.51 billion. During the same quarter last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. Research analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup initiated coverage on shares of KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target for the company. Barclays lifted their price objective 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.