KE (NYSE:BEKE) Posts Earnings Results, Beats Expectations By $0.95 EPS

KE (NYSE:BEKE) issued its quarterly earnings results on Friday. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.95, FiscalAI reports. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. KE had a return on equity of 5.47% and a net margin of 3.77%.

KE Price Performance

Shares of NYSE BEKE opened at $17.02 on Friday. The stock’s 50-day moving average is $16.14 and its two-hundred day moving average is $16.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. KE has a 1-year low of $13.81 and a 1-year high of $20.98. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 40.52 and a beta of -0.29.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BEKE shares. Citigroup reissued a “buy” rating on shares of KE in a research report on Tuesday, May 19th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, May 4th. Finally, Barclays increased their price target on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.37.

Hedge Funds Weigh In On KE

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in KE in the first quarter worth approximately $44,000. Caitong International Asset Management Co. Ltd increased its position in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after purchasing an additional 1,750 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares during the last quarter. Parallel Advisors LLC increased its position in shares of KE by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of KE in the 2nd quarter valued at $116,000. 39.34% of the stock is owned by institutional investors and hedge funds.

About KE

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.