MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Position in KE Holdings Inc. (NYSE:BEKE)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKEFree Report) by 40.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,000 shares of the company’s stock after acquiring an additional 33,200 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in KE were worth $1,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BEKE. Panagora Asset Management Inc. lifted its holdings in shares of KE by 58.2% during the fourth quarter. Panagora Asset Management Inc. now owns 556,391 shares of the company’s stock worth $9,019,000 after purchasing an additional 204,791 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of KE by 71.4% during the first quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company’s stock worth $1,648,000 after purchasing an additional 50,000 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of KE by 199.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,934,573 shares of the company’s stock worth $31,360,000 after purchasing an additional 1,288,653 shares during the period. M&G Investment Management Ltd. lifted its holdings in shares of KE by 15.5% during the fourth quarter. M&G Investment Management Ltd. now owns 7,926,434 shares of the company’s stock worth $126,823,000 after purchasing an additional 1,065,949 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of KE by 57.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,299,776 shares of the company’s stock worth $21,069,000 after purchasing an additional 476,722 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Performance

KE stock opened at $15.06 on Wednesday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $20.48. The business has a fifty day moving average of $16.33 and a two-hundred day moving average of $14.90. The company has a market cap of $18.56 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 2.96 and a beta of -0.75.

KE (NYSE:BEKEGet Free Report) last released its quarterly earnings data on Thursday, May 23rd. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. KE had a net margin of 4.80% and a return on equity of 6.04%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.20 billion. Sell-side analysts predict that KE Holdings Inc. will post 0.72 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BEKE shares. Barclays increased their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. HSBC reduced their target price on KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Citigroup reissued a “buy” rating and issued a $21.10 target price on shares of KE in a report on Tuesday, March 19th.

View Our Latest Research Report on KE

KE Profile

(Free Report)

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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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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