KE (NYSE:BEKE) CEO Yongdong Peng Sells 16,033,983 Shares of Stock

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) CEO Yongdong Peng sold 16,033,983 shares of the firm’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the completion of the transaction, the chief executive officer owned 62,824,251 shares in the company, valued at $331,083,802.77. The trade was a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

KE Trading Up 3.6%

Shares of NYSE:BEKE opened at $16.92 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.30. The stock’s 50-day moving average is $17.00 and its 200-day moving average is $16.51. The company has a market cap of $18.93 billion, a P/E ratio of 27.74, a P/E/G ratio of 0.53 and a beta of -0.26. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.81 and a 52-week high of $20.65.

KE (NYSE:BEKE) last released its earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%.The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. Equities research analysts predict that KE Holdings Inc. Sponsored ADR will post 1.03 earnings per share for the current year.

Hedge Funds Weigh In On KE

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in KE during the fourth quarter worth $112,843,000. Wellington Management Group LLP lifted its holdings in shares of KE by 16.0% during the second quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock worth $129,536,000 after buying an additional 1,231,445 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of KE by 40.7% during the fourth quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock worth $48,026,000 after buying an additional 881,506 shares in the last quarter. Carrhae Capital LLP bought a new stake in shares of KE in the second quarter valued at about $10,138,000. Finally, Perseverance Asset Management International grew its stake in shares of KE by 75.1% in the fourth quarter. Perseverance Asset Management International now owns 1,155,439 shares of the company’s stock valued at $18,210,000 after acquiring an additional 495,590 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. CLSA initiated coverage on KE in a research report on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 price objective for the company. Morgan Stanley restated an “overweight” rating on shares of KE in a research note on Friday, August 21st. Zacks Research raised KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $23.64.

KE Company Profile

KE Holdings Inc, operating under the brand name Beike, is a China-based platform that provides residential real estate transaction and related services. The company connects home buyers, sellers, landlords and tenants with real estate agents and brokerage stores through its online and offline network.

Its services include existing-home sales, new-home sales, residential rentals and property-related services. Beike also provides technology and data tools for real estate professionals, including digital listings, transaction support and virtual-reality viewing capabilities.