The Vanguard Group, Inc. has recently announced that it has increased stake in KE Holdings Inc ADR (NYSE:BEKE) by 0.24%. After grabbing 19.13 million shares, the institutional investor is now in possession of 45622.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 1.61% having worth around $304.72 million. Moreover, Krane Funds Advisors LLC increased its share by 1.85 million to have a control over 14.69 million shares. And T. Rowe Price Hong Kong Ltd. raised its holdings to 0.41 million shares by acquiring 13.71 million shares or 1.15% of the stake.
KE Holdings Inc ADR (BEKE) concluded trading on 12/27/23 at a closing price of $15.75, with 3.44 million shares of worth about $54.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.20% during that period and on Wednesday the price saw a gain of about 1.42%. Currently the company’s common shares owned by public are about 1.20B shares, out of which, 1.18B shares are available for trading.
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KraneShares CSI China Internet ET, Morgan Stanley Invt. Fds. – Asia, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in KE Holdings Inc ADR KraneShares CSI China Internet ET is currently holding 13.87 million shares of worth totaling $220.89 million. The company recently came buying 0.0 shares which brought its stake up to 1.17% of the company’s outstanding shares. Morgan Stanley Invt. Fds. – Asia sold -1.96 million shares, after which its hold over company’s outstanding shares shrunk to 1.03%, leaving 12.25 million shares with the mutual fund that have a worth of about $195.22 million. Government Pension Fund – Global, after buying 10.66 million shares, have now control over 0.90% of the stake in the company. It holds 7.86 million shares of worth $169.84 million.
KE Holdings Inc ADR (NYSE: BEKE) started trading at $15.62, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 15.79, or with a gain of 1.42%. Stock saw a price change of 0.51% in past 5 days and over the past one month there was a price change of -0.25%. Year-to-date (YTD), BEKE shares are showing a performance of 14.04% which increased to 12.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.35 but also hit the highest price of $20.86 during that period. The average intraday trading volume for KE Holdings Inc ADR shares is 6.42 million. The stock is currently trading 1.62% above its 20-day simple moving average (SMA20), while that difference is up 2.55% for SMA50 and it goes to -1.26% lower than SMA200.
The Vanguard Group, Inc. acquired 19.13 million shares of KE Holdings Inc ADR having value of about $304.72 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 45622.0 shares in the company valued at close to $718546.5, or have control over 0.24% stake in the company. KE Holdings Inc ADR (NYSE: BEKE) currently have 1.20B outstanding shares and institutions hold larger chunk of about 38.85% of that. Holding of mutual funds in the company is about 17.33% while other institutional holders and individual stake holders have control over 22.97% and — of the stake respectively.
The stock has a current market capitalization of $18.93B and its 3Y-monthly beta is at -0.75. PE ratio of stock for trailing 12 months is 23.91, while it has posted earnings per share of $0.66 in the same period. Its PEG reads 0.39 and has Quick Ratio of 1.82 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BEKE, volatility over the week remained 2.99% while standing at 2.78% over the month.
Analysts are in expectations that KE Holdings Inc ADR (BEKE) stock would likely to be making an EPS of $0.2 in the current quarter, while forecast for next quarter EPS is $0.22 and it is $1.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.17 which is $0.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 238.86% while it is estimated to decrease by -0.49% in next year. EPS is likely to grow at an annualized rate of 61.30% for next 5-years, compared to annual growth of -18.42% made by the stock over the past 5-years.
Analysts at 26 brokerage firms have issued recommendations for the KE Holdings Inc ADR (BEKE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.23. Out of those 26 Wall Street analysts, 22 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by New Street on May 09, 2023 offering a Buy rating for the stock and assigned a target price of $22 to it.
