KE Holdings Inc. (NYSE:BEKE) Stake Trimmed by Ward Ferry Management BVI Ltd

Ward Ferry Management BVI Ltd lowered its position in shares of KE Holdings Inc. (NYSE:BEKEFree Report) by 86.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 659,040 shares of the company’s stock after selling 4,296,944 shares during the quarter. KE accounts for 1.2% of Ward Ferry Management BVI Ltd’s investment portfolio, making the stock its 8th largest holding. Ward Ferry Management BVI Ltd owned 0.05% of KE worth $10,228,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Rock Creek Group LP grew its stake in KE by 35.0% in the 2nd quarter. Rock Creek Group LP now owns 2,565 shares of the company’s stock valued at $38,000 after acquiring an additional 665 shares during the last quarter. Ronald Blue Trust Inc. grew its stake in KE by 64.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock valued at $32,000 after acquiring an additional 848 shares during the last quarter. First Trust Advisors LP grew its stake in KE by 0.4% in the 3rd quarter. First Trust Advisors LP now owns 206,323 shares of the company’s stock valued at $3,615,000 after acquiring an additional 869 shares during the last quarter. Signaturefd LLC grew its stake in KE by 12.4% in 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 last quarter. Finally, Creative Planning boosted its stake in shares of KE by 7.2% during the 2nd quarter. Creative Planning now owns 15,512 shares of the company’s stock worth $230,000 after purchasing an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors own 36.87% of the company’s stock.

KE Trading Down 0.7 %

Shares of KE stock traded down $0.10 during mid-day trading on Thursday, hitting $13.41. 3,642,470 shares of the stock were exchanged, compared to its average volume of 7,964,047. The company has a 50-day simple moving average of $14.91 and a 200 day simple moving average of $15.53. KE Holdings Inc. has a twelve month low of $12.88 and a twelve month high of $21.08. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 0.38 and a beta of -0.74.

KE (NYSE:BEKEGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $1.02. KE had a net margin of 7.54% and a return on equity of 9.37%. The business had revenue of $17.60 billion for the quarter, compared to analysts’ expectations of $15.93 billion. During the same period last year, the company earned $0.13 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts forecast that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TheStreet raised shares of KE from a “d+” rating to a “c” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $24.38.

View Our Latest Stock Analysis on BEKE

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.

Further Reading

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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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