Flossbach Von Storch AG Sells 5,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Flossbach Von Storch AG lessened its position in KE Holdings Inc. (NYSE:BEKEGet Rating) by 7.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 60,000 shares of the company’s stock after selling 5,000 shares during the period. Flossbach Von Storch AG’s holdings in KE were worth $1,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEKE. American International Group Inc. lifted its position in KE by 261.5% during the third quarter. American International Group Inc. now owns 4,700 shares of the company’s stock valued at $86,000 after purchasing an additional 3,400 shares during the period. Daiwa Securities Group Inc. purchased a new stake in KE during the fourth quarter valued at approximately $88,000. PNC Financial Services Group Inc. increased its holdings in KE by 342.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,841 shares of the company’s stock valued at $89,000 after buying an additional 3,748 shares during the last quarter. Cohen & Steers Inc. increased its holdings in KE by 7.4% during the third quarter. Cohen & Steers Inc. now owns 9,603 shares of the company’s stock valued at $175,000 after buying an additional 664 shares during the last quarter. Finally, DNB Asset Management AS purchased a new stake in KE during the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 29.72% of the company’s stock.

BEKE stock traded up $0.32 during trading on Tuesday, hitting $13.83. 377,596 shares of the company’s stock traded hands, compared to its average volume of 17,199,873. KE Holdings Inc. has a 52 week low of $7.31 and a 52 week high of $56.97. The business has a fifty day simple moving average of $15.62 and a 200 day simple moving average of $18.79. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of -172.00, a P/E/G ratio of 19.39 and a beta of -1.42.

KE (NYSE:BEKEGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.47. KE had a negative net margin of 0.69% and a negative return on equity of 0.81%. The business had revenue of $17.79 billion during the quarter, compared to analyst estimates of $15.95 billion. During the same quarter last year, the business earned $0.14 earnings per share. KE’s quarterly revenue was down 21.5% compared to the same quarter last year. As a group, analysts expect that KE Holdings Inc. will post 0.06 earnings per share for the current year.

BEKE has been the subject of a number of analyst reports. HSBC raised shares of KE from a “reduce” rating to a “hold” rating in a research note on Monday, January 31st. Zacks Investment Research cut shares of KE from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 16th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating in a research note on Monday. Morgan Stanley raised shares of KE from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $23.00 to $16.00 in a research note on Wednesday, March 16th. Finally, Barclays reduced their price objective on shares of KE from $29.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, March 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, KE currently has a consensus rating of “Hold” and an average target price of $31.46.

KE Company Profile (Get Rating)

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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.

See Also

Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. (NYSE:BEKEGet Rating).

Institutional Ownership by Quarter for KE (NYSE:BEKE)

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