KE Holdings Inc. (NYSE:BEKE) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Posted by Defense World Staff on Aug 12th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in KE Holdings Inc. (NYSE:BEKE – Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,983 shares of the company’s stock after acquiring an additional 34,000 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in KE were worth $5,595,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BEKE. CI Investments Inc. grew its position in shares of KE by 652.8% in the 4th quarter. CI Investments Inc. now owns 5,345 shares of the company’s stock worth $75,000 after acquiring an additional 4,635 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in KE during the 4th quarter valued at approximately $94,000. Jefferies Financial Group Inc. acquired a new position in KE during the 4th quarter valued at approximately $140,000. Envestnet Asset Management Inc. boosted its position in KE by 16.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company’s stock valued at $152,000 after purchasing an additional 1,779 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in KE during the 4th quarter valued at approximately $183,000. Institutional investors and hedge funds own 38.41% of the company’s stock.

KE Price Performance

Shares of KE stock opened at $16.27 on Friday. The business’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $17.04. The company has a market capitalization of $20.20 billion, a P/E ratio of 73.94, a PEG ratio of 0.57 and a beta of -0.99. KE Holdings Inc. has a 1-year low of $9.09 and a 1-year high of $21.08.

KE (NYSE:BEKE – Get Free Report) last announced its earnings results on Thursday, May 18th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.20. KE had a return on equity of 4.40% and a net margin of 2.80%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.64 billion. On average, research analysts expect that KE Holdings Inc. will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BEKE. New Street Research began coverage on KE in a research report on Tuesday, May 9th. They set a “buy” rating and a $22.00 price objective for the company. TheStreet downgraded KE from a “c-” rating to a “d+” rating in a research note on Monday, April 24th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.33.

Read Our Latest Stock Analysis on KE

KE Company 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.