Is KE Hodlings (BEKE) Stock Outpacing Its Finance Peers This Year?
Here is how KE Holdings Inc. Sponsored ADR (BEKE) and BrightSphere Investment Group (BSIG) have performed compared to their sector so far this year.
KE Holdings Inc. (NYSE:BEKE) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.
Mitsubishi UFJ Asset Management Co. Ltd. grew its position in KE Holdings Inc. (NYSE:BEKE – Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,983 shares of the company’s stock after buying an additional 21,900 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in KE were worth $5,657,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in BEKE. M&G Investment Management Ltd. raised its holdings in shares of KE by 15.5% in the fourth quarter. M&G Investment Management Ltd. now owns 7,926,434 shares of the company’s stock worth $126,823,000 after acquiring an additional 1,065,949 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KE by 187.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 415,604 shares of the company’s stock worth $6,737,000 after acquiring an additional 271,044 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of KE in the fourth quarter worth approximately $194,000. Teacher Retirement System of Texas grew its holdings in KE by 73.7% in the fourth quarter. Teacher Retirement System of Texas now owns 716,870 shares of the company’s stock valued at $11,620,000 after purchasing an additional 304,189 shares during the period. Finally, AI Squared Management Ltd purchased a new position in KE during the fourth quarter worth approximately $11,133,000. Institutional investors and hedge funds own 39.34% of the company’s stock. KE Stock Up 1.7 % Shares of NYSE:BEKE opened at $19.47 on Monday. The firm has a 50-day simple moving average of $14.81 and a 200 day simple moving average of $14.73. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $20.48. The company has a market cap of $24.01 billion, a PE ratio of 28.22, a P/E/G ratio of 0.53 and a beta of -0.77. KE (NYSE:BEKE – Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. KE had a net margin of 7.62% and a return on equity of 9.19%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.66 billion. As a group, research analysts forecast that KE Holdings Inc. will post 0.77 EPS for the current fiscal year. KE Dividend Announcement The firm also recently declared an annual dividend, which was paid on Wednesday, April 24th. Investors of record on Friday, April 5th were given a dividend of $0.351 per share. This represents a yield of 2.2%. The ex-dividend date was Thursday, April 4th. KE’s payout ratio is 43.48%. Analyst Upgrades and Downgrades A number of research analysts recently weighed in on BEKE shares. Citigroup reiterated a “buy” rating and issued a $21.10 target price on shares of KE in a report on Tuesday, March 19th. HSBC dropped their price target on shares of KE from $23.90 to $21.80 and set a “buy” rating for the company in a research note on Friday, March 15th. View Our Latest Stock Report on BEKE KE Profile (Free Report) 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.
