KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Blue Creek Capital Management Ltd

Blue Creek Capital Management Ltd cut its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 508,313 shares of the company’s stock after selling 70,000 shares during the quarter. KE makes up approximately 12.6% of Blue Creek Capital Management Ltd’s portfolio, making the stock its 5th biggest position. Blue Creek Capital Management Ltd’s holdings in KE were worth $9,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of KE by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock worth $508,916,000 after acquiring an additional 919,420 shares during the last quarter. Hhlr Advisors LTD. increased its position in KE by 6.3% during the 1st quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock valued at $240,546,000 after purchasing an additional 712,126 shares during the period. Artisan Partners Limited Partnership raised its holdings in KE by 78.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after purchasing an additional 3,315,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after buying an additional 5,490,172 shares during the period. Finally, Greenwoods Asset Management Hong Kong Ltd. boosted its position in shares of KE by 777.5% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock valued at $95,866,000 after purchasing an additional 4,228,006 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE:BEKE opened at $17.01 on Friday. The firm has a market capitalization of $20.26 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 3.04 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a 52-week low of $15.39 and a 52-week high of $25.17. The firm has a fifty day moving average of $18.11 and a 200 day moving average of $18.46.

Analyst Ratings Changes

BEKE has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Barclays reduced their price objective on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, KE presently has an average rating of “Moderate Buy” and a consensus target price of $23.30.

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.