KE (NYSE:BEKE) Director Sells $18,097,084.80 in Stock

Key Points

• Director Yigang Shan sold 3.33 million BEKE shares for approximately $18.1 million, reducing his position by 5.82% to 53.87 million shares.
• KE Holdings reported quarterly EPS of $0.42, exceeding the $0.31 consensus estimate, while revenue of $3.61 billion also surpassed expectations.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $23.64 versus the reported share price of $16.38.

KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Get Free Report) Director Yigang Shan sold 3,326,670 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the transaction, the director owned 53,868,189 shares of the company's stock, valued at approximately $293,042,948.16. The trade was a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

KE Price Performance

Shares of NYSE:BEKE opened at $16.38 on Wednesday. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.65. The firm has a market capitalization of $18.32 billion, a P/E ratio of 26.84, a P/E/G ratio of 0.63 and a beta of -0.26. 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 company's fifty day moving average price is $17.04 and its 200 day moving average price is $16.51.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%.The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. As a group, sell-side analysts predict that KE Holdings Inc. Sponsored ADR will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KE

Several institutional investors have recently bought and sold shares of BEKE. Tidal Investments LLC purchased a new position in KE during the 2nd quarter worth $261,000. Baird Financial Group Inc. increased its stake in shares of KE by 5.8% during the second quarter. Baird Financial Group Inc. now owns 5,942,507 shares of the company's stock worth $86,345,000 after acquiring an additional 324,707 shares during the period. Carrhae Capital LLP purchased a new position in KE during the second quarter worth about $10,138,000. Nykredit A S purchased a new position in KE during the second quarter worth about $456,000. Finally, Wellington Management Group LLP lifted 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 purchasing an additional 1,231,445 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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