KE Holdings Inc. (NYSE:BEKE) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in KE Holdings Inc. (NYSE:BEKE) by 86.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,554 shares of the company’s stock after selling 443,931 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KE were worth $1,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BEKE. QRG Capital Management Inc. boosted its stake in KE by 5.1% in the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock valued at $199,000 after acquiring an additional 683 shares during the period. Signaturefd LLC lifted its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,271 shares during the period. Crossmark Global Holdings Inc. boosted its position in KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after purchasing an additional 1,692 shares during the period. Finally, US Bancorp DE grew its stake in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after buying an additional 1,823 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and raised their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company.

KE Price Performance

Shares of KE stock opened at $20.41 on Wednesday. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market capitalization of $24.95 billion, a P/E ratio of 42.52, a PEG ratio of 4.61 and a beta of -0.73. The business’s fifty day moving average price is $19.55 and its two-hundred day moving average price is $16.93.

KE (NYSE:BEKE) last posted its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $2.06. The business 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%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, research analysts expect that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

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.