ExodusPoint Capital Management LP increased its holdings in KE Holdings INC (NYSE: BEKE) during the third quarter, as indicated by the most recent disclosure that the company has made with the SEC.
During the transaction, the institutional investor acquired 19,920 shares of the company’s stock for approximately $349,000.
Recent months have brought about shifts in the ownership structures of the company on the part of hedge funds and various other types of institutional investors.
E Fund Management Hong Kong Co Ltd increased the KE it held by 136.0% over the year’s first three months. Following the acquisition of an additional 121,032 shares during the most recent fiscal quarter, E Fund Management Hong Kong Co Ltd now has 210,053 shares of the company’s stock in its possession.
The value of the shares of stock in the company that is owned by E Fund Management Hong Kong Co Ltd Envestnet Asset Management INC increased the amount of KE stock that is owned by 16.9% during the first three months of 2018.
Envestnet Asset Management INC now has 12,299 shares of the company’s stock, currently valued at $152,000, after purchasing an additional 1,779 shares during the most recent period.
The percentage of KE shares that American Century Companies INC owned increased by 267.7% during the first three months of 2018.
American Century Companies INC now has 75,169 shares, valued at $930,000, after purchasing an additional 54,725 shares during the most recent period.
These shares were purchased during the most recent period.
During the first three months of the year, Citigroup INC increased the percentage of KE shares it owned by 14.4%.
After purchasing an additional 24,096 shares during the most recent quarter, Citigroup INC now owns 191,022 shares.
Based on the current market price, these shares are worth $2,363,000.
Last but not least, during the first quarter of 2018, BlackRock INC increased the proportion of its holdings in KE by 20.2%.
BlackRock INC now holds 19,606,566 shares of the company’s stock, which has a value of $242,534,000 after purchasing an additional 3,289,479 shares during the period in question.
These newly acquired shares bring the total number of shares held by BlackRock INC to a record high.
Most of the company’s stock is owned by large financial institutions, which account for 40 percent of the total.
On Thursday, BEKE began trading for the first time for $19.20. KE Holdings INC hit a low point over the past 52 weeks of $7.31, while the company reached a high point over the past 52 weeks of $21.08.
The share price per share is currently -54.86, the PEG ratio is 1.05, and the beta value for the stock is -1.14.
The stock’s market capitalization is currently $24.28 billion.
The moving average for the company over the past 50 days is $17.97, and the moving average for the company over the last 200 days is, respectively, $16.10.
KE (NYSE: BEKE) disseminated the information it had gathered and compiled regarding its quarterly results on November 30, which was a Wednesday.
The company reported earnings per share (EPS) for the period at $0.13, $0.04 more than the consensus estimate of $0.09.
The actual amount of revenue for the quarter was $2.47 billion, which was higher than the $2.45 billion that analysts had forecasted would be the amount of revenue for the quarter.
The return on equity for KE was negative by 3.54%, and the company’s net margin was also negative by 4.52%.
The projections of market analysts indicate that KE Holdings INC will incur a loss of $0.05 per share in 2018.
Beke has recently attracted the attention of a variety of different brokerage firms.
The brokerage firm raised the rating of shares of KE from “d” to “c-” in a research report published on February 7 by TheStreet.
Previously, the rating had been “d.” The previous week, on February 24, Daiwa Capital Markets released a report announcing that it would begin providing coverage of KE.
They suggested purchasing the company’s stock as an investment.
After some time since they first expressed interest in the company, JPMorgan Chase & Co didn’t start covering KE in a research note until January 30.
They rated the stock as “overweight,” the highest possible rating.
There have been eight people who focus on equity research who have recommended buying the stock.
All of these people have made this recommendation.
Bloomberg reports that KE’s current consensus price objective is $21.93, and the average recommendation for the company is “Buy.”
Through its subsidiary businesses, KE Holdings INC manages an integrated platform for conducting real estate transactions and providing related services in the People’s Republic of China.
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.
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