Lighthouse Investment Partners LLC Takes $1.14 Million Position in KE Holdings Inc. (NYSE:BEKE)

Lighthouse Investment Partners LLC bought a new stake in KE Holdings Inc. (NYSE:BEKE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 80,698 shares of the company’s stock, valued at approximately $1,142,000.

Several other large investors have also recently added to or reduced their stakes in BEKE. Franklin Resources Inc. increased its stake in shares of KE by 24.0% during the 4th quarter. Franklin Resources Inc. now owns 177,868 shares of the company’s stock valued at $2,883,000 after acquiring an additional 34,453 shares during the last quarter. Parallel Advisors LLC increased its position in KE by 90.4% during the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares during the last quarter. Allianz Asset Management GmbH raised its stake in KE by 14.0% during the fourth quarter. Allianz Asset Management GmbH now owns 1,727,777 shares of the company’s stock worth $28,007,000 after purchasing an additional 212,832 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of KE in the 4th quarter valued at $250,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of KE by 84.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 30,220 shares of the company’s stock valued at $490,000 after purchasing an additional 13,810 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Performance

BEKE opened at $20.00 on Friday. The company has a market cap of $24.66 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 3.40 and a beta of -0.74. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $20.48. The firm has a 50 day moving average price of $14.60 and a 200 day moving average price of $15.08.

KE (NYSE:BEKE) last issued its earnings results on Monday, August 12th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The business had revenue of $23.37 billion for the quarter, compared to the consensus estimate of $21.51 billion. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, sell-side analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup started coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective for the company.

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.