M&G Plc Takes Position in KE Holdings Inc. (NYSE:BEKE)

M&G Plc purchased a new stake in KE Holdings Inc. (NYSE:BEKE) in the first quarter, according to its most recent filing with the SEC. The fund purchased 9,705,717 shares of the company’s stock, valued at approximately $135,880,000. KE comprises 0.8% of M&G Plc’s portfolio, making the stock its 28th biggest position. M&G Plc owned approximately 0.79% of KE as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in BEKE. 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 worth $54,000 after buying an additional 1,569 shares during the last quarter. Headlands Technologies LLC bought a new position in KE during the 4th quarter worth $76,000. Barometer Capital Management Inc. bought a new position in KE during the 4th quarter worth $123,000. Blue Trust Inc. grew its stake in shares of KE by 358.2% in the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $154,000 after purchasing an additional 7,737 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock worth $175,000 after purchasing an additional 2,693 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Down 1.3 %

Shares of NYSE BEKE traded down $0.18 during mid-day trading on Friday, hitting $14.12. 5,968,797 shares of the company traded hands, compared to its average volume of 7,363,246. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.99 and a beta of -0.75. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $20.48. The business has a 50 day moving average of $16.11 and a two-hundred day moving average of $14.85.

KE (NYSE:BEKE) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.20 billion. KE had a return on equity of 6.04% and a net margin of 4.80%. As a group, research analysts anticipate that KE Holdings Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays increased their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th.

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.