Baillie Gifford & Co. Sells 90,735 Shares of KE Holdings Inc. (NYSE:BEKE)

Baillie Gifford & Co. cut its position in KE Holdings Inc. (NYSE:BEKE) by 5.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,463,628 shares of the company’s stock after selling 90,735 shares during the period. Baillie Gifford & Co.’s holdings in KE were worth $20,096,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BEKE. China Universal Asset Management Co. Ltd. increased its holdings in shares of KE by 90.7% during the first quarter. China Universal Asset Management Co. Ltd. now owns 143,000 shares of the company’s stock valued at $1,963,000 after acquiring an additional 68,000 shares in the last quarter. XY Capital Ltd bought a new stake in shares of KE during the first quarter worth about $323,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in KE by 13.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 305,050 shares of the company’s stock valued at $4,188,000 after acquiring an additional 35,143 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in KE by 17.2% during the 1st quarter. Altfest L J & Co. Inc. now owns 37,185 shares of the company’s stock valued at $511,000 after purchasing an additional 5,460 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in KE by 40.6% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 115,000 shares of the company’s stock worth $1,579,000 after purchasing an additional 33,200 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE BEKE traded down $0.47 during mid-day trading on Friday, reaching $15.34. 7,219,636 shares of the company’s stock were exchanged, compared to its average volume of 6,065,709. The firm has a 50-day moving average price of $16.42 and a two-hundred day moving average price of $14.91. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 37.40, a price-to-earnings-growth ratio of 3.31 and a beta of -0.75. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $20.48.

KE (NYSE:BEKE) last announced its quarterly earnings data on Thursday, May 23rd. The company reported $0.07 EPS 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 business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.20 billion. As a group, sell-side analysts forecast that KE Holdings Inc. will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

BEKE has been the subject of several recent research reports. Barclays upped their price target on KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. HSBC lowered their target price on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Citigroup restated a “buy” rating and set a $21.10 price target on shares of KE in a report on Tuesday, March 19th.

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.