E Fund Management Co. Ltd. Raises Position in KE Holdings Inc. (NYSE:BEKE)

E Fund Management Co. Ltd. boosted its stake in KE Holdings Inc. (NYSE:BEKE) by 58.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,118,823 shares of the company’s stock after purchasing an additional 1,897,393 shares during the period. KE makes up approximately 6.0% of E Fund Management Co. Ltd.’s holdings, making the stock its 2nd largest position. E Fund Management Co. Ltd. owned about 0.41% of KE worth $76,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BEKE. Rock Creek Group LP boosted its holdings in shares of KE by 35.0% in the second quarter. Rock Creek Group LP now owns 2,565 shares of the company’s stock worth $38,000 after buying an additional 665 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of KE by 0.4% during the 3rd quarter. First Trust Advisors LP now owns 206,323 shares of the company’s stock worth $3,615,000 after acquiring an additional 869 shares during the last quarter. Signaturefd LLC grew its position in shares of KE by 12.4% during the 2nd quarter. Signaturefd LLC now owns 8,762 shares of the company’s stock valued at $130,000 after acquiring an additional 966 shares during the period. Creative Planning grew its position in shares of KE by 7.2% during the 2nd quarter. Creative Planning now owns 15,512 shares of the company’s stock valued at $230,000 after acquiring an additional 1,038 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of KE by 17.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,656 shares of the company’s stock worth $114,000 after purchasing an additional 1,116 shares in the last quarter. 36.87% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Down 3.0 %

KE stock traded down $0.48 during mid-day trading on Tuesday, hitting $15.40. The stock had a trading volume of 2,661,604 shares, compared to its average volume of 8,219,711. KE Holdings Inc. has a one year low of $13.49 and a one year high of $21.08. The firm has a market capitalization of $19.30 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.54 and a beta of -0.88. The firm’s 50 day moving average is $15.48 and its 200 day moving average is $15.75.

KE (NYSE:BEKE) last released its quarterly earnings data on Wednesday, November 8th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $1.02. The firm had revenue of $17.60 billion during the quarter, compared to analyst estimates of $15.93 billion. KE had a return on equity of 9.37% and a net margin of 7.54%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. As a group, equities research analysts forecast that KE Holdings Inc. will post 0.64 earnings per share for the current year.

KE Announces Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th were given a dividend of $0.171 per share. The ex-dividend date of this dividend was Thursday, September 14th.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BEKE. TheStreet raised KE from a “d+” rating to a “c” rating in a report on Friday, November 10th. HSBC boosted their price objective on KE from $23.30 to $24.00 in a research note on Friday, September 1st. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.38.

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.