CloudAlpha Capital Management Limited Hong Kong Invests $3.34 Million in KE Holdings Inc. (NYSE:BEKE)

CloudAlpha Capital Management Limited Hong Kong bought a new position in KE Holdings Inc. (NYSE:BEKE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 167,734 shares of the company’s stock, valued at approximately $3,340,000. KE accounts for about 0.2% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&G Plc acquired a new stake in KE during the first quarter valued at $135,880,000. RWC Asset Advisors US LLC acquired a new stake in KE during the second quarter valued at $70,807,000. Price T Rowe Associates Inc. MD boosted its position in KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after purchasing an additional 4,736,152 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its position in KE by 180.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after purchasing an additional 2,694,260 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after purchasing an additional 2,165,863 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE:BEKE opened at $19.99 on Thursday. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company has a market cap of $24.43 billion, a P/E ratio of 41.64, a P/E/G ratio of 4.48 and a beta of -0.73. The stock’s 50-day moving average is $19.65 and its 200-day moving average is $16.95.

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

Wall Street Analyst Weigh In

BEKE has been the subject of a number of research reports. Citigroup assumed coverage on KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

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.