KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Ethic Inc.

Ethic Inc. boosted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 29.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 58,661 shares of the company’s stock after purchasing an additional 13,369 shares during the period. Ethic Inc.’s holdings in KE were worth $1,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in KE by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock valued at $508,916,000 after purchasing an additional 919,420 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in KE by 12.9% in the 1st quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company’s stock valued at $299,659,000 after purchasing an additional 1,707,067 shares during the last quarter. Hhlr Advisors LTD. increased its holdings in KE by 6.3% in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of KE by 777.5% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock worth $95,866,000 after acquiring an additional 4,228,006 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Trading Down 3.3%

Shares of BEKE stock opened at $17.81 on Monday. The firm has a fifty day moving average price of $18.80 and a 200 day moving average price of $18.87. The company has a market cap of $21.20 billion, a P/E ratio of 37.88, a PEG ratio of 2.17 and a beta of -0.67. KE Holdings Inc. Sponsored ADR has a 12 month low of $16.05 and a 12 month high of $25.17.

Analyst Upgrades and Downgrades

BEKE has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Barclays dropped their price target on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Friday. Finally, Jefferies Financial Group set a $22.00 price target on shares of KE and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.54.

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.