M&G Plc Has $201.82 Million Stake in KE Holdings Inc. (NYSE:BEKE)

M&G Plc boosted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,090,834 shares of the company’s stock after acquiring an additional 1,422,667 shares during the quarter. KE makes up approximately 1.0% of M&G Plc’s portfolio, making the stock its 19th largest holding. M&G Plc’s holdings in KE were worth $201,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. RWC Asset Advisors US LLC bought a new position in KE during the second quarter valued at approximately $70,807,000. Price T Rowe Associates Inc. MD raised its position in KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after acquiring an additional 4,736,152 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its position in KE by 180.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after acquiring an additional 2,694,260 shares in the last quarter. Assenagon Asset Management S.A. raised its position in KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after acquiring an additional 2,165,863 shares in the last quarter. Finally, Turiya Advisors Asia Ltd raised its position in KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock valued at $71,743,000 after acquiring an additional 1,824,206 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Down 0.5 %

Shares of KE stock opened at $22.49 on Thursday. The company’s fifty day simple moving average is $18.83 and its 200-day simple moving average is $16.65. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 4.86 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.

KE (NYSE:BEKE) last announced its quarterly earnings data on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $2.06. The business 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%. KE’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. As a group, research analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BEKE has been the topic of several analyst reports. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KE has an average rating of “Buy” and an average target price of $25.90.

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.