KE Holdings Inc. (NYSE:BEKE) Stock Holdings Cut by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its position in KE Holdings Inc. (NYSE:BEKE) by 86.3% during the third quarter, Holdings Channel reports. The institutional investor owned 70,554 shares of the company’s stock after selling 443,931 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KE were worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BEKE. Blue Trust Inc. grew its holdings in KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares during the period. Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares during the last quarter. Signaturefd LLC raised its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares in the last quarter. US Bancorp DE lifted its stake in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in KE during the second quarter worth approximately $146,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BEKE has been the topic of several research reports. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target on the stock. Bank of America raised KE from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

KE Price Performance

BEKE stock opened at $20.41 on Wednesday. The firm has a market capitalization of $24.95 billion, a P/E ratio of 42.52, a P/E/G ratio of 4.61 and a beta of -0.73. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company’s 50 day simple moving average is $19.55 and its 200-day simple moving average is $16.93.

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