Robeco Institutional Asset Management B.V. decreased its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,175,145 shares of the company's stock after selling 269,971 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.10% of KE worth $23,397,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of KE in the 3rd quarter valued at approximately $1,723,000. UG Investment Advisers Ltd. bought a new stake in KE during the third quarter worth $13,554,000. WT Asset Management Ltd bought a new stake in KE during the third quarter worth $2,489,000. US Bancorp DE boosted its holdings in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after purchasing an additional 1,823 shares in the last quarter. Finally, abrdn plc increased its stake in shares of KE by 24.5% in the 3rd quarter. abrdn plc now owns 591,835 shares of the company's stock valued at $11,869,000 after purchasing an additional 116,367 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.
BEKE has been the topic of several research analyst reports. Citigroup assumed coverage on KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $25.90.
Read Our Latest Stock Analysis on BEKE
Shares of BEKE stock opened at $22.60 on Wednesday. The business's 50-day moving average price is $18.67 and its 200-day moving average price is $16.58. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 4.86 and a beta of -0.73.
KE (NYSE:BEKE - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $2.06. The firm 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 revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. On average, sell-side analysts predict that KE Holdings Inc. will post 0.68 earnings per share for the current fiscal year.
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.
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