American Century Companies Inc. grew its position in shares of KE Holdings Inc. (NYSE:BEKE – Free Report) by 15.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 730,936 shares of the company’s stock after buying an additional 100,029 shares during the period. American Century Companies Inc. owned approximately 0.06% of KE worth $13,756,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CI Investments Inc. increased its position in KE by 652.8% during the fourth quarter. CI Investments Inc. now owns 5,345 shares of the company’s stock worth $75,000 after acquiring an additional 4,635 shares during the period. 1832 Asset Management L.P. bought a new position in shares of KE during the fourth quarter worth approximately $94,000. US Bancorp DE raised its position in shares of KE by 56.5% in the first quarter. US Bancorp DE now owns 5,537 shares of the company’s stock valued at $104,000 after buying an additional 1,999 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of KE in the fourth quarter valued at approximately $140,000. Finally, Envestnet Asset Management Inc. grew its position in KE by 16.9% during the first quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company’s stock worth $152,000 after buying an additional 1,779 shares in the last quarter. Institutional investors and hedge funds own 36.87% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on BEKE shares. HSBC upped their target price on KE from $23.30 to $24.00 in a research report on Friday. New Street Research began coverage on shares of KE in a research report on Tuesday, May 9th. They set a “buy” rating and a $22.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $24.38.
KE Stock Performance
Shares of BEKE stock opened at $18.50 on Friday. KE Holdings Inc. has a fifty-two week low of $9.09 and a fifty-two week high of $21.08. The stock’s fifty day moving average price is $15.68 and its two-hundred day moving average price is $16.67. The company has a market cap of $22.97 billion, a PE ratio of 84.09, a P/E/G ratio of 0.47 and a beta of -0.99.
KE (NYSE:BEKE – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.67. The business had revenue of $19.48 billion for the quarter, compared to analyst estimates of $18.59 billion. KE had a return on equity of 4.40% and a net margin of 2.80%. KE’s revenue was up 41.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. On average, equities analysts predict that KE Holdings Inc. will post 0.71 EPS for the current fiscal 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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