XY Capital Ltd Has $230,000 Holdings in KE Holdings Inc. (NYSE:BEKE)

XY Capital Ltd decreased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,266 shares of the company’s stock after selling 7,267 shares during the quarter. KE makes up approximately 0.1% of XY Capital Ltd’s portfolio, making the stock its 22nd biggest position. XY Capital Ltd’s holdings in KE were worth $230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after purchasing an additional 4,736,152 shares in the last quarter. Wellington Management Group LLP boosted its position in KE by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company’s stock worth $304,865,000 after buying an additional 2,008,418 shares during the period. Capital World Investors grew its holdings in KE by 5.8% during the 1st quarter. Capital World Investors now owns 14,666,625 shares of the company’s stock worth $201,373,000 after acquiring an additional 804,773 shares during the last quarter. M&G Plc acquired a new position in KE in the 1st quarter valued at approximately $135,880,000. Finally, M&G Investment Management Ltd. raised its stake in shares of KE by 15.5% during the fourth quarter. M&G Investment Management Ltd. now owns 7,926,434 shares of the company’s stock valued at $126,823,000 after acquiring an additional 1,065,949 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of BEKE stock opened at $14.84 on Friday. The stock has a market capitalization of $18.30 billion, a PE ratio of 36.20, a PEG ratio of 3.29 and a beta of -0.74. The business’s 50 day simple moving average is $14.52 and its 200 day simple moving average is $14.88. KE Holdings Inc. has a one year low of $12.44 and a one year high of $20.48.

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

Wall Street Analyst Weigh In

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

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.