National Bank of Canada FI Purchases Shares of 780,700 KE Holdings Inc. (NYSE:BEKE)

National Bank of Canada FI purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 780,700 shares of the company’s stock, valued at approximately $11,539,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of KE by 90.4% during the fourth quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after purchasing an additional 1,569 shares in the last quarter. Signaturefd LLC lifted its position in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of KE during the fourth quarter worth $123,000. Finally, Quadrant Capital Group LLC lifted its position in shares of KE by 33.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,778 shares of the company’s stock worth $175,000 after purchasing an additional 2,693 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Down 1.5 %

Shares of NYSE:BEKE opened at $14.61 on Monday. The company has a fifty day simple moving average of $14.53 and a 200 day simple moving average of $14.89. The firm has a market cap of $18.02 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 3.29 and a beta of -0.74. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $20.48.

KE (NYSE:BEKE) last released its earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $2.06. KE had a net margin of 5.32% and a return on equity of 6.74%. The firm had revenue of $23.37 billion during the quarter, compared to analyst estimates of $21.51 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, equities research analysts forecast that KE Holdings Inc. will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.