KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Rovida Investment Management Ltd

Rovida Investment Management Ltd increased its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 9.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 600,000 shares of the company’s stock after buying an additional 50,000 shares during the quarter. KE accounts for about 1.1% of Rovida Investment Management Ltd’s holdings, making the stock its 13th biggest position. Rovida Investment Management Ltd’s holdings in KE were worth $8,982,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Mirabaud Asset Management Ltd acquired a new position in KE in the fourth quarter valued at approximately $2,266,000. Allspring Global Investments Holdings LLC boosted its position in KE by 91.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,598,706 shares of the company’s stock worth $41,735,000 after purchasing an additional 1,241,387 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of KE during the 4th quarter worth approximately $998,000. Oppenheimer Asset Management Inc. grew its stake in shares of KE by 34.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 433,785 shares of the company’s stock worth $6,836,000 after purchasing an additional 110,293 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of KE by 53.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock valued at $42,166,000 after purchasing an additional 934,835 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BEKE shares. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Monday, May 4th. Griffin Securities set a $24.40 price target on KE in a research note on Wednesday, April 8th. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a report on Saturday, May 23rd. Citigroup reiterated a “buy” rating on shares of KE in a research report on Tuesday, May 19th. Finally, Barclays raised their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, KE has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

KE Stock Up 1.9%

NYSE BEKE opened at $16.98 on Friday. The business’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $16.67. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market cap of $19.00 billion, a PE ratio of 40.44 and a beta of -0.33. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.81 and a 52 week high of $20.98.

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.