KE (NYSE:BEKE) Stock: Insider Yongdong Peng Sells 16,033,983 Shares

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) CEO Yongdong Peng sold 16,033,983 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the completion of the sale, the chief executive officer directly owned 62,824,251 shares of the company’s stock, valued at $331,083,802.77. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

KE Stock Performance

Shares of KE stock opened at $16.86 on Thursday. The firm has a market capitalization of $18.87 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 0.54 and a beta of -0.26. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $16.51. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $19.88.

KE (NYSE:BEKE) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. As a group, analysts anticipate that KE Holdings Inc. Sponsored ADR will post 1.03 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research raised shares of KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Morgan Stanley reiterated an “overweight” rating on shares of KE in a research report on Friday, August 21st. CLSA began coverage on KE in a research note on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, KE has an average rating of “Buy” and an average price target of $23.64.

Institutional Trading of KE

A number of institutional investors have recently modified their holdings of BEKE. Norges Bank acquired a new stake in KE during the 4th quarter valued at $112,843,000. Wellington Management Group LLP boosted its holdings in shares of KE by 16.0% in the 2nd quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock valued at $129,536,000 after purchasing an additional 1,231,445 shares during the last quarter. Temasek Holdings Private Ltd grew its position in KE by 40.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock valued at $48,026,000 after acquiring an additional 881,506 shares during the period. Carrhae Capital LLP acquired a new stake in KE during the 2nd quarter worth approximately $10,138,000. Finally, Perseverance Asset Management International increased its position in shares of KE by 75.1% in the fourth quarter. Perseverance Asset Management International now owns 1,155,439 shares of the company’s stock worth $18,210,000 after acquiring an additional 495,590 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven platform serving China’s housing and property-services markets. The company operates the Beike platform, which connects consumers with housing agents, brokers, landlords, developers and other service providers.

Its business includes existing-home and new-home transactions, property rentals, and related services. KE Holdings also provides home renovation and furnishing services, as well as technology and data tools designed to support real estate agents, brokerage stores and property developers.

The company traces its roots to Lianjia, a Chinese real estate brokerage founded in 2001, and launched the Beike platform in 2018.