NINE MASTS CAPITAL Ltd Purchases Shares of 17,000 KE Holdings Inc. (NYSE:BEKE)

NINE MASTS CAPITAL Ltd acquired a new position in KE Holdings Inc. (NYSE:BEKE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BEKE. M&G Plc bought a new position in KE during the first quarter worth $135,880,000. RWC Asset Advisors US LLC bought a new position in shares of KE during the 2nd quarter worth about $70,807,000. Price T Rowe Associates Inc. MD grew its stake in shares of KE by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after buying an additional 4,736,152 shares during the period. Coatue Management LLC increased its position in KE by 169.7% in the 4th quarter. Coatue Management LLC now owns 5,015,918 shares of the company’s stock valued at $81,308,000 after buying an additional 3,155,995 shares in the last quarter. Finally, Capital World Investors raised its stake in KE by 24.9% during the 4th quarter. Capital World Investors now owns 13,861,852 shares of the company’s stock worth $224,701,000 after buying an additional 2,763,209 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of research reports. Citigroup started coverage on KE in a research note on Tuesday. They issued a “buy” rating and a $23.80 price objective for the company. Barclays boosted their price target on shares of KE from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th.

KE Stock Performance

BEKE stock opened at $14.11 on Thursday. The business has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.89. The company has a market capitalization of $17.40 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 3.24 and a beta of -0.74. 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 earnings results on Monday, August 12th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $2.06. The company had revenue of $23.37 billion for the quarter, compared to analysts’ expectations of $21.51 billion. KE had a return on equity of 6.74% and a net margin of 5.32%. KE’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. As a group, sell-side analysts forecast that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

KE Company 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.