Insider Selling: KE (NYSE:BEKE) Director Sells 3,326,670 Shares

KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Director Yigang Shan sold 3,326,670 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the completion of the sale, the director directly owned 53,868,189 shares in the company, valued at $293,042,948.16. This trade represents a 5.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

KE Trading Down 1.2%

Shares of BEKE opened at $16.38 on Wednesday. KE Holdings Inc. Sponsored ADR has a 1-year low of $13.81 and a 1-year high of $20.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The firm has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $16.51. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 0.63 and a beta of -0.26.

KE (NYSE:BEKE) last announced its earnings results on Friday, August 21st. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. Equities analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On KE

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at $112,843,000. Wellington Management Group LLP grew its position in KE by 16.0% in the second quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock valued at $129,536,000 after acquiring an additional 1,231,445 shares during the period. 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 valued at $48,026,000 after acquiring an additional 881,506 shares during the period. Carrhae Capital LLP acquired a new stake in shares of KE in the 2nd quarter valued at $10,138,000. Finally, Perseverance Asset Management International raised its position in KE by 75.1% in the 4th quarter. Perseverance Asset Management International now owns 1,155,439 shares of the company’s stock valued at $18,210,000 after purchasing an additional 495,590 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

BEKE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Monday. CLSA started coverage on shares of KE in a research note on Wednesday, August 19th. They set an “outperform” rating and a $23.80 price target on the stock. Zacks Research raised shares of KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Morgan Stanley reissued an “overweight” rating on shares of KE in a research note on Friday, August 21st. Finally, Wall Street Zen upgraded KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target 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.