Fox Run Management L.L.C. Makes New $335,000 Investment in KE Holdings Inc. Sponsored ADR $BEKE

Fox Run Management L.L.C. acquired a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,868 shares of the company’s stock, valued at approximately $335,000.

Several other large investors have also made changes to their positions in BEKE. Strs Ohio purchased a new position in shares of KE during the 1st quarter valued at approximately $44,000. Hantz Financial Services Inc. raised its position in KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares during the period. Wealthquest Corp purchased a new position in KE during the first quarter valued at $79,000. Brooklyn Investment Group lifted its holdings in KE by 3,813.6% during the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock valued at $116,000 after purchasing an additional 5,606 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of KE by 7.1% in the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after purchasing an additional 590 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on BEKE. Barclays reduced their price target on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. JPMorgan Chase & Co. reduced their target price on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Jefferies Financial Group set a $22.00 target price on KE and gave the company a “buy” rating in a research report on Tuesday, August 26th. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, KE currently has an average rating of “Moderate Buy” and an average target price of $23.30.

KE Price Performance

Shares of KE stock opened at $16.70 on Thursday. The stock’s 50 day simple moving average is $18.44 and its 200-day simple moving average is $18.61. The stock has a market cap of $19.88 billion, a P/E ratio of 39.75, a P/E/G ratio of 2.97 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.39 and a 1-year high of $25.17.

KE 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.