Oppenheimer Asset Management Inc. Grows Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Oppenheimer Asset Management Inc. lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,157 shares of the company’s stock after purchasing an additional 25,216 shares during the period. Oppenheimer Asset Management Inc.’s holdings in KE were worth $5,538,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BEKE. CANADA LIFE ASSURANCE Co increased its position in shares of KE by 29.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock valued at $13,120,000 after buying an additional 217,376 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of KE by 10.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 393,483 shares of the company’s stock worth $5,403,000 after acquiring an additional 37,500 shares in the last quarter. Swedbank AB purchased a new position in shares of KE in the 1st quarter valued at approximately $3,393,000. Lighthouse Investment Partners LLC bought a new stake in shares of KE during the second quarter valued at approximately $1,142,000. Finally, SG Americas Securities LLC grew its stake in KE by 37.6% in the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock worth $3,337,000 after purchasing an additional 64,449 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Trading Down 3.1 %

NYSE:BEKE opened at $19.36 on Friday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The stock has a 50-day moving average price of $19.74 and a 200 day moving average price of $16.97. The stock has a market capitalization of $23.67 billion, a P/E ratio of 40.33, a P/E/G ratio of 4.48 and a beta of -0.73.

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

Analyst Ratings Changes

A number of brokerages have recently commented on BEKE. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock.

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.