Swedbank AB Grows Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Swedbank AB increased its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 21.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 205,435 shares of the company’s stock after buying an additional 36,542 shares during the period. Swedbank AB’s holdings in KE were worth $3,075,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in shares of KE in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in KE by 330.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after purchasing an additional 1,750 shares in the last quarter. Strs Ohio acquired a new position in KE in the first quarter valued at approximately $44,000. Allworth Financial LP increased its stake in KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after purchasing an additional 2,089 shares during the last quarter. Finally, Franchise GP Ltd purchased a new position in KE in the fourth quarter valued at approximately $63,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

BEKE traded up $0.30 during trading on Friday, reaching $15.55. The company’s stock had a trading volume of 2,434,478 shares, compared to its average volume of 3,603,582. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.81 and a 52-week high of $20.98. The company’s fifty day moving average price is $16.46 and its 200-day moving average price is $16.65. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 37.04 and a beta of -0.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

Analysts Set New Price Targets

Several brokerages recently commented on BEKE. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, May 12th. Barclays raised their price objective on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Griffin Securities set a $24.40 target price on KE in a research report on Wednesday, April 8th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, KE currently has an average rating of “Moderate Buy” and an average price target of $23.07.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.