Creative Planning Purchases 1,988 Shares of KE Holdings Inc. (NYSE:BEKE)

Creative Planning grew its position in KE Holdings Inc. (NYSE:BEKE) by 7.1% during the third quarter, HoldingsChannel reports. The firm owned 30,002 shares of the company’s stock after buying an additional 1,988 shares during the period. Creative Planning’s holdings in KE were worth $597,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. raised its holdings in KE by 5.1% during the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after buying an additional 683 shares during the last quarter. Signaturefd LLC raised its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in KE by 25.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,606 shares of the company’s stock valued at $201,000 after acquiring an additional 2,939 shares in the last quarter. Blue Trust Inc. boosted its stake in KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in KE by 8.3% during the 2nd quarter. DNB Asset Management AS now owns 46,511 shares of the company’s stock worth $658,000 after purchasing an additional 3,562 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

BEKE opened at $22.17 on Tuesday. The firm has a market cap of $27.10 billion, a P/E ratio of 46.19, a PEG ratio of 4.82 and a beta of -0.73. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a 50-day moving average of $18.52 and a 200 day moving average of $16.51.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BEKE shares. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $25.90.

KE Company Profile

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.