ANTIPODES PARTNERS Ltd Increases Stock Position in KE Holdings Inc. (NYSE:BEKE)

ANTIPODES PARTNERS Ltd grew its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 180.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,188,521 shares of the company’s stock after buying an additional 2,694,260 shares during the period. KE accounts for approximately 2.2% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 23rd biggest holding. ANTIPODES PARTNERS Ltd owned approximately 0.34% of KE worth $59,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BEKE. Price T Rowe Associates Inc. MD boosted its position in KE by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock worth $526,734,000 after purchasing an additional 4,736,152 shares during the period. Wellington Management Group LLP lifted its holdings in KE by 12.0% in the 4th quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company’s stock worth $304,865,000 after buying an additional 2,008,418 shares in the last quarter. Capital World Investors lifted its holdings in KE by 5.8% in the 1st quarter. Capital World Investors now owns 14,666,625 shares of the company’s stock worth $201,373,000 after buying an additional 804,773 shares in the last quarter. M&G Plc acquired a new position in KE in the 1st quarter worth $135,880,000. Finally, M&G Investment Management Ltd. lifted its holdings in KE by 15.5% in the 4th quarter. M&G Investment Management Ltd. now owns 7,926,434 shares of the company’s stock worth $126,823,000 after buying an additional 1,065,949 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barclays boosted their price objective on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th.

KE Stock Performance

Shares of KE stock opened at $14.84 on Friday. The firm has a market cap of $18.30 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 3.29 and a beta of -0.74. The firm’s 50-day simple moving average is $14.52 and its 200-day simple moving average is $14.88. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $20.48.

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

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.