Top investors say KE Holdings Inc. (BEKE) ticks everything they need

KE Holdings Inc. (NYSE: BEKE) stock fell -1.81% on Wednesday to $15.23 against a previous-day closing price of $15.51. With 8.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.27 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $15.90 whereas the lowest price it dropped to was $15.19. The 52-week range on BEKE shows that it touched its highest point at $21.08 and its lowest point at $9.09 during that stretch. It currently has a 1-year price target of $25.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BEKE was down-trending over the past week, with a drop of -6.56%, but this was down by -3.67% over a month. Three-month performance dropped to -19.20% while six-month performance rose 3.54%. The stock gained 28.41% in the past year, while it has gained 9.10% so far this year. A look at the trailing 12-month EPS for BEKE yields 0.23 with Next year EPS estimates of 0.96. For the next quarter, that number is 0.25. This implies an EPS growth rate of -163.00% for this year and 24.70% for next year. EPS is expected to grow by 71.04% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.80%.

Float and Shares Shorts:

At present, 1.18 billion BEKE shares are outstanding with a float of 877.30 million shares on hand for trading. On Apr 27, 2023, short shares totaled 31.8 million, which was 2.54% higher than short shares on Mar 30, 2023. In addition to Mr. Yongdong Peng as the firm’s Co-Founder, Chairman & CEO, Mr. Yigang Shan serves as its Co-Founder & Exec. Director.


Institutional Ownership:

Through their ownership of 41.74% of BEKE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 24.71% of BEKE, in contrast to 15.81% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BEKE with 2.61% of the stake, HHLR Advisors Ltd. holds 31,228,934 shares worth 31,228,934. A second-largest stockholder of BEKE, T. Rowe Price Associates, Inc., holds 25,623,503 shares, controlling over 2.14% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in BEKE, holding 22,496,125 shares or 1.88% stake. With a 1.19% stake in BEKE, the Morgan Stanley Invt. Fds. – Asia is the largest stakeholder. A total of 14,210,718 shares are owned by the mutual fund manager. The KraneShares CSI China Internet ET, which owns about 1.14% of BEKE stock, is the second-largest Mutual Fund holder. It holds 13,707,027 shares valued at 215.06 million. Government Pension Fund – Global holds 0.89% of the stake in BEKE, owning 10,661,681 shares worth 167.28 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BEKE reported revenue of $13.78B and operating income of -$1.44B. The EBITDA in the recently reported quarter was -$871.97M and diluted EPS was -$1.56.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BEKE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BEKE analysts setting a high price target of $227.32 and a low target of $140.46, the average target price over the next 12 months is $177.39. Based on these targets, BEKE could surge 1392.58% to reach the target high and rise by 822.26% to reach the target low. Reaching the average price target will result in a growth of 1064.74% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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