Mirae Asset Global Investments Co. Ltd. Decreases Holdings in KE Holdings Inc. (NYSE:BEKE)

Mirae Asset Global Investments Co. Ltd. lowered its position in KE Holdings Inc. (NYSE:BEKEFree Report) by 59.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,838 shares of the company’s stock after selling 753,104 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in KE were worth $7,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Panagora Asset Management Inc. boosted its position in KE by 58.2% during the 4th quarter. Panagora Asset Management Inc. now owns 556,391 shares of the company’s stock valued at $9,019,000 after buying an additional 204,791 shares during the period. Banque Cantonale Vaudoise grew its holdings in shares of KE by 71.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 120,000 shares of the company’s stock worth $1,648,000 after acquiring an additional 50,000 shares during the period. Hsbc Holdings PLC raised its position in shares of KE by 199.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,934,573 shares of the company’s stock worth $31,360,000 after acquiring an additional 1,288,653 shares in the last quarter. M&G Investment Management Ltd. lifted its stake in shares of KE by 15.5% in the 4th quarter. M&G Investment Management Ltd. now owns 7,926,434 shares of the company’s stock valued at $126,823,000 after purchasing an additional 1,065,949 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position 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 valued at $21,069,000 after purchasing an additional 476,722 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays increased their price objective on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. HSBC dropped their price objective on shares of KE from $23.90 to $21.80 and set a “buy” rating on the stock in a research note on Friday, March 15th. Finally, Citigroup restated a “buy” rating and set a $21.10 price target on shares of KE in a report on Tuesday, March 19th.

Read Our Latest Analysis on BEKE

KE Stock Up 2.9 %

Shares of BEKE stock opened at $15.16 on Wednesday. The firm has a market capitalization of $18.69 billion, a PE ratio of 36.98, a P/E/G ratio of 3.21 and a beta of -0.75. The company has a 50 day moving average price of $16.41 and a 200-day moving average price of $14.90. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $20.48.

KE (NYSE:BEKEGet Free Report) last announced its earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.20 billion. KE had a net margin of 4.80% and a return on equity of 6.04%. Analysts anticipate that KE Holdings Inc. will post 0.72 earnings per share for the current year.

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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