116,946 Shares in KE Holdings Inc. (NYSE:BEKE) Purchased by Perpetual Ltd

Perpetual Ltd acquired a new stake in KE Holdings Inc. (NYSE:BEKE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 116,946 shares of the company’s stock, valued at approximately $2,328,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its position in shares of KE by 5.1% during the 2nd 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 lifted its position in shares of 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 acquiring an additional 866 shares in the last quarter. Dodge & Cox boosted its stake in shares of KE by 5.8% during the fourth quarter. Dodge & Cox now owns 38,440 shares of the company’s stock valued at $623,000 after acquiring an additional 2,100 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in KE by 25.2% during the 1st 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. Finally, Blue Trust Inc. raised its stake in KE by 2,662.2% in 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 during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

NYSE BEKE opened at $21.56 on Friday. The company has a market cap of $26.59 billion, a P/E ratio of 52.59, a P/E/G ratio of 3.40 and a beta of -0.71. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The company has a 50-day moving average of $16.30 and a 200-day moving average of $15.64.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on BEKE shares. 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 target on the stock. Bank of America raised their target price on shares of KE from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.90.

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.