Key Points
- KE Holdings director Yigang Shan sold 3,326,670 shares at an average price of $5.44, generating approximately $18.1 million. His remaining ownership fell 5.82% to 53.9 million shares.
- KE reported quarterly earnings of $0.42 per share and revenue of $3.61 billion, exceeding analyst estimates of $0.31 and $3.59 billion, respectively.
- Analyst sentiment remains positive, with an average “Buy” rating and a consensus price target of $23.64; the stock was recently trading at $16.61.
KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) Director Yigang Shan sold 3,326,670 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $5.44, for a total value of $18,097,084.80. Following the completion of the sale, the director directly owned 53,868,189 shares in the company, valued at approximately $293,042,948.16. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
KE Trading Up 1.4%
NYSE BEKE opened at $16.61 on Thursday. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.65. The company has a 50-day moving average of $17.04 and a 200-day moving average of $16.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The company has a market cap of $18.58 billion, a P/E ratio of 27.22, a P/E/G ratio of 0.62 and a beta of -0.26.
KE (NYSE:BEKE - Get Free Report) last announced its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. As a group, equities analysts predict that KE Holdings Inc. Sponsored ADR will post 0.88 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have weighed in on BEKE. Wall Street Zen upgraded shares of KE from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Weiss Ratings restated a "hold (c)" rating on shares of KE in a report on Monday. CLSA assumed coverage on KE in a research report on Wednesday, August 19th. They issued an "outperform" rating and a $23.80 target price on the stock. Morgan Stanley reiterated an "overweight" rating on shares of KE in a report on Friday, August 21st. Finally, Zacks Research raised KE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, KE presently has an average rating of "Buy" and a consensus price target of $23.64.
Get Our Latest Research Report on BEKE
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its position in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock worth $46,000 after buying an additional 2,089 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in shares of KE during the 4th quarter valued at about $88,000. EverSource Wealth Advisors LLC lifted its position in KE by 37.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company's stock worth $85,000 after acquiring an additional 1,543 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its position in KE by 9.1% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company's stock worth $126,000 after acquiring an additional 704 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in KE by 66.3% in the 1st quarter. Parallel Advisors LLC now owns 8,814 shares of the company's stock worth $132,000 after acquiring an additional 3,514 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.
About KE
(
Get Free Report)
KE Holdings Inc, operating under the brand name Beike, is a China-based platform that provides residential real estate transaction and related services. The company connects home buyers, sellers, landlords and tenants with real estate agents and brokerage stores through its online and offline network.
Its services include existing-home sales, new-home sales, residential rentals and property-related services. Beike also provides technology and data tools for real estate professionals, including digital listings, transaction support and virtual-reality viewing capabilities.
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