Davis Selected Advisers Has $32.87 Million Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Davis Selected Advisers lowered its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 1,852,812 shares of the company’s stock after selling 7,716 shares during the period. Davis Selected Advisers’ holdings in KE were worth $32,869,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted 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 purchasing an additional 919,420 shares in the last quarter. Hhlr Advisors LTD. increased its holdings in shares of KE by 6.3% in the first 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in KE by 299.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. lifted its holdings in 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 worth $95,866,000 after buying an additional 4,228,006 shares in the last quarter. Finally, Northern Trust Corp boosted its position in KE by 11.7% in the 1st quarter. Northern Trust Corp now owns 4,131,654 shares of the company’s stock valued at $83,005,000 after buying an additional 431,977 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Trading Up 0.4%

KE stock opened at $16.76 on Friday. The firm has a market capitalization of $19.95 billion, a P/E ratio of 39.89, a PEG ratio of 3.02 and a beta of -0.64. The business has a 50-day moving average of $18.40 and a 200-day moving average of $18.60. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.39 and a 1 year high of $25.17.

Wall Street Analyst Weigh In

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

About KE

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.