California Public Employees Retirement System trimmed its holdings in KE Holdings Inc. (NYSE:BEKE – Free Report) by 4.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,135,006 shares of the company’s stock after selling 57,882 shares during the quarter. California Public Employees Retirement System owned 0.09% of KE worth $16,855,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Taikang Asset Management Hong Kong Co Ltd increased its stake in shares of KE by 65.3% in the second quarter. Taikang Asset Management Hong Kong Co Ltd now owns 77,348 shares of the company’s stock worth $9,001,000 after buying an additional 30,548 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of KE by 5.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 314,583 shares of the company’s stock worth $4,672,000 after buying an additional 17,600 shares during the period. Rhumbline Advisers purchased a new position in shares of KE in the second quarter worth $1,376,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of KE by 26.1% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 475,851 shares of the company’s stock worth $7,066,000 after buying an additional 98,397 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of KE by 83.4% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 920,984 shares of the company’s stock worth $13,672,000 after buying an additional 418,725 shares during the period. 36.87% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. TheStreet raised shares of KE from a “d+” rating to a “c” rating in a research note on Friday, November 10th. HSBC boosted their price objective on shares of KE from $23.30 to $24.00 in a research report on Friday, September 1st. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.38.
KE Trading Down 1.2 %
Shares of KE stock opened at $15.29 on Monday. KE Holdings Inc. has a 12-month low of $13.49 and a 12-month high of $21.08. The company has a market cap of $19.16 billion, a P/E ratio of 23.52, a PEG ratio of 0.54 and a beta of -0.88. The company’s fifty day simple moving average is $15.50 and its two-hundred day simple moving average is $15.75.
KE (NYSE:BEKE – Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $1.02. KE had a net margin of 7.54% and a return on equity of 9.37%. The firm had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $15.93 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts predict that KE Holdings Inc. will post 0.64 EPS for the current fiscal year.
KE Announces Dividend
The firm also recently announced a — dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were issued a dividend of $0.171 per share. The ex-dividend date of this dividend was Thursday, September 14th.
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.
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