KE Holdings Inc. Sponsored ADR $BEKE Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 30.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,835 shares of the company’s stock after acquiring an additional 15,490 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KE were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio acquired a new position in shares of KE during the 1st quarter valued at $44,000. Wealthquest Corp acquired a new position in shares of KE during the 1st quarter valued at $79,000. Brooklyn Investment Group lifted its holdings in shares of KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock valued at $116,000 after acquiring an additional 5,606 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of KE by 7.1% during the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after acquiring an additional 590 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 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 brokerages have commented on BEKE. JPMorgan Chase & Co. cut their price objective on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Barclays dropped their target price on KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $22.00 target price on KE and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.54.

KE Stock Performance

Shares of KE stock opened at $17.98 on Tuesday. The firm has a market cap of $21.40 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 2.17 and a beta of -0.67. The firm’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $18.87. KE Holdings Inc. Sponsored ADR has a 1 year low of $16.05 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.