ANTIPODES PARTNERS Ltd Lowers Stake in KE Holdings Inc. (NYSE:BEKE)

ANTIPODES PARTNERS Ltd cut its stake in KE Holdings Inc. (NYSE:BEKEGet Rating) by 18.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,261,602 shares of the company’s stock after selling 282,928 shares during the quarter. KE makes up approximately 0.6% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 29th largest holding. ANTIPODES PARTNERS Ltd owned approximately 0.11% of KE worth $15,606,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. purchased a new position in KE in the 4th quarter valued at about $28,000. Daiwa Securities Group Inc. acquired a new stake in KE in the 4th quarter valued at about $88,000. ETF Managers Group LLC acquired a new stake in KE in the 4th quarter valued at about $118,000. IFM Investors Pty Ltd acquired a new stake in KE in the 1st quarter valued at about $200,000. Finally, Envestnet Asset Management Inc. acquired a new stake in KE in the 4th quarter valued at about $212,000. 35.00% of the stock is currently owned by hedge funds and other institutional investors.

KE stock opened at $17.95 on Friday. The company has a market capitalization of $21.38 billion, a PE ratio of -61.89 and a beta of -1.54. The firm has a 50 day moving average price of $14.13 and a 200 day moving average price of $16.25. KE Holdings Inc. has a fifty-two week low of $7.31 and a fifty-two week high of $47.33.

KE (NYSE:BEKEGet Rating) last announced its earnings results on Tuesday, May 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. KE had a negative net margin of 3.05% and a negative return on equity of 3.26%. The business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $11.90 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. KE’s revenue was down 39.4% compared to the same quarter last year. As a group, research analysts predict that KE Holdings Inc. will post -0.23 earnings per share for the current year.

BEKE has been the subject of a number of recent research reports. Barclays cut their price objective on shares of KE from $29.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 11th. HSBC upgraded shares of KE from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.70 to $20.80 in a report on Thursday, June 23rd. JPMorgan Chase & Co. upgraded shares of KE from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $7.50 to $13.50 in a report on Monday, May 16th. The Goldman Sachs Group raised their price target on shares of KE from $21.70 to $23.00 in a report on Sunday, June 12th. Finally, UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating in a report on Monday, April 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.83.

About KE (Get Rating)

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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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