CANADA LIFE ASSURANCE Co Buys 217,376 Shares of KE Holdings Inc. (NYSE:BEKE)

CANADA LIFE ASSURANCE Co boosted its stake in KE Holdings Inc. (NYSE:BEKE) by 29.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 955,669 shares of the company’s stock after acquiring an additional 217,376 shares during the period. CANADA LIFE ASSURANCE Co owned 0.08% of KE worth $13,120,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of KE by 358.2% during the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company’s stock valued at $154,000 after buying an additional 7,737 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of KE by 26.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock valued at $199,000 after buying an additional 2,585 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of KE during the 4th quarter valued at $629,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in KE by 50.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 269,907 shares of the company’s stock worth $4,375,000 after purchasing an additional 90,258 shares in the last quarter. Finally, abrdn plc grew its position in KE by 3.8% during the 4th quarter. abrdn plc now owns 447,798 shares of the company’s stock valued at $7,259,000 after purchasing an additional 16,216 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

KE Stock Up 0.1 %

BEKE traded up $0.01 during midday trading on Thursday, hitting $13.65. 5,022,847 shares of the company traded hands, compared to its average volume of 8,390,178. The firm has a market capitalization of $16.83 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.31 and a beta of -0.75. The company’s 50-day moving average is $15.88 and its 200 day moving average is $14.81. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $20.48.

KE (NYSE:BEKE) last issued its quarterly earnings data 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 firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.20 billion. On average, sell-side analysts predict that KE Holdings Inc. will post 0.63 earnings per share for the current fiscal year.

About KE

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.