KE Holdings Inc. (NYSE:BEKE) Sees Significant Drop in Short Interest

KE Holdings Inc. (NYSE:BEKE) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 25,990,000 shares, a decrease of 10.0% from the July 15th total of 28,880,000 shares. Based on an average daily volume of 7,840,000 shares, the days-to-cover ratio is presently 3.3 days.

Hedge Funds Weigh In On KE

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares during the last quarter. Parallel Advisors LLC grew its holdings in KE by 90.4% in the 4th quarter. Parallel Advisors LLC now owns 3,304 shares of the company’s stock worth $54,000 after acquiring an additional 1,569 shares during the last quarter. Headlands Technologies LLC bought a new stake in KE in the 4th quarter worth $76,000. Signaturefd LLC grew its holdings in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in KE in the 4th quarter worth $123,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays increased their target price on shares of KE from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th.

KE Trading Up 2.4 %

Shares of KE stock traded up $0.35 on Monday, hitting $15.23. 4,350,517 shares of the company traded hands, compared to its average volume of 8,108,446. The company has a market cap of $18.78 billion, a P/E ratio of 36.29, a P/E/G ratio of 3.21 and a beta of -0.75. The firm’s 50-day simple moving average is $14.73 and its 200 day simple moving average is $14.79. KE has a 12-month low of $12.44 and a 12-month high of $20.48.

KE (NYSE:BEKE) last issued its earnings results on Monday, August 12th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $2.06. The company had revenue of $23.37 billion for the quarter, compared to analysts’ expectations of $21.51 billion. KE had a net margin of 4.80% and a return on equity of 6.04%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Analysts predict that KE will post 0.63 earnings per share for the current year.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.