Mirae Asset Global Investments Co. Ltd. raised its holdings in KE Holdings Inc. (NYSE:BEKE – Free Report) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 896,993 shares of the company’s stock after acquiring an additional 107,645 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of KE worth $16,899,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in KE by 136.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,053 shares of the company’s stock valued at $2,981,000 after buying an additional 121,032 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in KE by 16.9% during the first quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company’s stock valued at $152,000 after buying an additional 1,779 shares in the last quarter. American Century Companies Inc. lifted its stake in KE by 267.7% during the first quarter. American Century Companies Inc. now owns 75,169 shares of the company’s stock valued at $930,000 after buying an additional 54,725 shares in the last quarter. Citigroup Inc. lifted its stake in KE by 14.4% during the first quarter. Citigroup Inc. now owns 191,022 shares of the company’s stock valued at $2,363,000 after buying an additional 24,096 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in KE by 20.2% during the first quarter. BlackRock Inc. now owns 19,606,566 shares of the company’s stock valued at $242,534,000 after buying an additional 3,289,479 shares in the last quarter. 38.41% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BEKE has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of KE from $23.00 to $23.50 and gave the company an “overweight” rating in a research note on Friday, April 7th. New Street Research started coverage on shares of KE in a research note on Tuesday, May 9th. They set a “buy” rating and a $22.00 price objective for the company. Finally, TheStreet lowered shares of KE from a “c-” rating to a “d+” rating in a research report on Monday, April 24th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, KE currently has an average rating of “Buy” and an average target price of $24.33.
KE Price Performance
KE (NYSE:BEKE – Get Free Report) last posted its quarterly earnings results on Thursday, May 18th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. KE had a net margin of 2.80% and a return on equity of 4.40%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.64 billion. On average, analysts predict that KE Holdings Inc. will post 0.66 EPS for the current year.
About KE
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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