Short Interest in KE Holdings Inc. (NYSE:BEKE) Grows By 8.2%

by · The Cerbat Gem

KE Holdings Inc. (NYSE:BEKE – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 32,350,000 shares, an increase of 8.2% from the September 15th total of 29,910,000 shares. Based on an average daily volume of 10,880,000 shares, the short-interest ratio is currently 3.0 days.

KE Trading Down 11.8 %

Shares of BEKE stock traded down $2.59 during trading hours on Thursday, reaching $19.34. 13,779,953 shares of the company’s stock were exchanged, compared to its average volume of 9,453,546. The stock’s fifty day moving average price is $16.98 and its two-hundred day moving average price is $15.88. The stock has a market cap of $23.85 billion, a PE ratio of 47.17, a PEG ratio of 4.76 and a beta of -0.71. KE has a 1 year low of $12.44 and a 1 year high of $26.05.

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

Institutional Investors Weigh In On KE

Several hedge funds have recently modified their holdings of BEKE. M&G Plc purchased a new stake in shares of KE during the first quarter worth about $135,880,000. RWC Asset Advisors US LLC acquired a new stake in shares of KE in the second quarter worth approximately $70,807,000. Price T Rowe Associates Inc. MD raised its stake in KE by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after purchasing an additional 4,736,152 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in KE by 12.0% in the 4th quarter. Wellington Management Group LLP now owns 18,807,246 shares of the company’s stock valued at $304,865,000 after acquiring an additional 2,008,418 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BEKE. Bank of America lifted their target price on KE from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Citigroup assumed coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.90.

View Our Latest Analysis on BEKE

KE Company Profile

(Get Free Report)

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.

Featured Stories