KE Holdings Inc. (NYSE:BEKE) Shares Bought by Sylebra Capital LLC

Sylebra Capital LLC grew its holdings in KE Holdings Inc. (NYSE:BEKE) by 0.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,507,462 shares of the company’s stock after acquiring an additional 11,962 shares during the quarter. KE comprises 0.7% of Sylebra Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Sylebra Capital LLC’s holdings in KE were worth $20,697,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its position in KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock valued at $54,000 after buying an additional 1,569 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of KE in the fourth quarter valued at about $76,000. Barometer Capital Management Inc. acquired a new position in shares of KE during the fourth quarter worth about $123,000. Blue Trust Inc. raised its holdings in KE by 358.2% during the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock worth $154,000 after purchasing an additional 7,737 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in KE by 33.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock valued at $175,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

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

KE Trading Down 3.0 %

Shares of NYSE:BEKE traded down $0.42 on Tuesday, reaching $13.51. 4,217,122 shares of the company were exchanged, compared to its average volume of 8,317,229. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $20.48. The company has a 50-day moving average of $15.44 and a 200-day moving average of $14.78. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 3.30 and a beta of -0.75.

KE (NYSE:BEKE) last issued its earnings results on Thursday, May 23rd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. KE had a net margin of 4.80% and a return on equity of 6.04%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.20 billion. As a group, analysts forecast that KE Holdings Inc. will post 0.63 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.