The British Columbia Investment Management Corporation, increased its holdings in KE Holdings INC (NYSE: BEKE) during the third quarter by 112.3 percent, as stated in the most recent 13F filing that the company has submitted with the Securities and Exchange Commission.
The institutional investor now owns a total of 270,750 shares of the company’s stock after making an additional purchase of 143,200 shares during the most recent period.
This brings the total number of shares of the company’s stock they have purchased to a total of 270,750.
The value of the KE holdings owned by British Columbia Investment Management Corp.
As of the close of the most recent reporting period was $4,744,000.
Important investors have recently revised the total amount of stock that is held in their portfolios to reflect the new allocations that they have made.
During the third quarter, Signaturefd LLC increased its ownership portfolio by 160.9% by purchasing additional shares of KE.
At this time, Signaturefd LLC is the owner of 12,508 of the company’s shares of stock, which have a combined value of $219,000.
This is because the company purchased 7,713 additional shares during the most recent fiscal quarter.
During the third quarter, the State of New Jersey Common Pension Fund D made an 84.0% increase in the percentage of its holdings allocated to KE.
The State of New Jersey Common Pension Fund D now holds 217,657 shares following the purchase of an additional 99,385 during the most recent quarter.
The value of the State of New Jersey Common Pension Fund D’s stock holdings is $3,813,000.
During the third quarter, Asset Management One Co Ltd increased the proportion of its KE holdings by 132.3%.
Asset Management One Co Ltd now has 176,508 shares, valued at $3,092,000, following purchasing an additional 100,529 shares during the most recent quarter.
The investment firm Baillie Gifford & Co increased its holdings in the company by 2.0% during the third quarter by purchasing additional shares of KE.
Baillie Gifford & Co now directly owns 1,702,106 shares of the company’s stock, which has a value of $29,821,000 following the purchase of an additional 33,919 shares of the company’s stock during the most recent quarter.
During the second quarter, Taikang Asset Management Hong Kong Co Ltd obtained a new position in KE that was estimated to be worth approximately $18,213,000.
The company’s shares are currently owned by various institutional investors, including hedge funds, to the extent of 40.00%.
BEKE has been the subject of numerous analyst studies that have been published.
The rating that TheStreet had previously assigned to shares of KE was raised from a “d” rating to a “c-” rating in a research report published on February 7th. JPMorgan Chase & Co revealed in a research note that the company would begin covering KE shares on January 30th.
The announcement was made.
They rated the stock as “overweight,” the highest possible rating.
In a research report published on Friday, October 28th, Barclays assigned an “overweight” rating to the company’s share price.
Earlier in the day, Barclays increased their price estimate on shares of KE, moving it up from $26.00 to $27.00.
Eight investment analysts have given the stock a “buy” recommendation.
Bloomberg.com reports that the general rating for KE is “buy” and that the average price target for the company is $22.51.
On Friday, the market share of BEKE was $19.49.
The company has a market capitalization of $24.64 billion, a price-to-earnings ratio of -55.69, a price-to-earnings-growth ratio of 1.15, and a beta value of -1.14.
All of these metrics point to the company being a very risky investment.
During the last year and a half, the price per share of KE Holdings INC has ranged anywhere from $7.31 to $21.80.
The company’s stock is currently trading at $17.26 (the 50-day moving average), while the 200-day moving average is $15.85.
On Wednesday, November 30th, KE (NYSE: BEKE) released the most recent quarterly results report that it has available.
Earnings per share for the company came in at $0.13 for the quarter, which was $0.04 higher than the average projection of $0.09 per share.
The analysts’ revenue projections for the company’s upcoming quarter ranged between $2.45 billion and $2.47 billion, with an average estimate of $2.46 billion.
The return on equity that KE could generate was negative by 3.54%, and its net margin was also negative by 4.52%. Research analysts predict that KE Holdings INC will have a lower earnings per share figure for the current fiscal year of $0.05.
This figure represents a decrease from previous years.
KE Holdings INC, through its subsidiary companies, manages an integrated platform in the People’s Republic of China to conduct housing transactions and provide housing-related services.
This platform is available offline in addition to being accessible online.
The company is organized into three distinct business segments: new house transaction services, emerging and other services, and existing home transaction services.