UBS Asset Management Americas Inc. Grows Position in KE Holdings Inc. (NYSE:BEKE)


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UBS Asset Management Americas Inc. lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 760.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,831,171 shares of the company’s stock after acquiring an additional 1,618,435 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in KE were worth $112,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AXA S.A. purchased a new position in shares of KE during the 3rd quarter worth $25,000. Signaturefd LLC purchased a new position in KE during the 4th quarter valued at about $34,000. The Manufacturers Life Insurance Company boosted its holdings in KE by 4.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 16,800 shares of the company’s stock valued at $1,034,000 after acquiring an additional 700 shares during the period. QS Investors LLC boosted its holdings in KE by 21.2% during the 4th quarter. QS Investors LLC now owns 4,247 shares of the company’s stock valued at $261,000 after acquiring an additional 742 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in KE by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 99,682 shares of the company’s stock valued at $6,135,000 after acquiring an additional 1,068 shares during the period. Institutional investors and hedge funds own 13.69% of the company’s stock.

BEKE stock opened at $56.08 on Thursday. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $61.01 and its two-hundred day moving average is $64.23. KE Holdings Inc. has a 1 year low of $31.79 and a 1 year high of $79.40.

KE (NYSE:BEKE) last posted its quarterly earnings results on Sunday, March 14th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $1.67. The company had revenue of $22.67 billion during the quarter, compared to analyst estimates of $20.28 billion. The firm’s quarterly revenue was up 57.6% on a year-over-year basis. On average, equities research analysts predict that KE Holdings Inc. will post 0.3 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. The Goldman Sachs Group upgraded KE from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, March 17th. Zacks Investment Research upgraded KE from a “sell” rating to a “hold” rating in a report on Wednesday, January 20th. Jefferies Financial Group assumed coverage on KE in a report on Tuesday, January 5th. They set a “buy” rating and a $76.70 target price for the company. HSBC began coverage on KE in a report on Monday, March 8th. They set a “buy” rating and a $80.00 target price for the company. Finally, Bank of America raised KE from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Wednesday, March 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.53.

KE Profile

KE Holdings Inc operates an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company facilitates various housing transactions ranging from existing and new home sales and home rentals to home renovation, real estate financial solutions, and other services.

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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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