KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282,933 shares of the company’s stock after selling 83,552 shares during the period. Hsbc Holdings PLC’s holdings in KE were worth $4,236,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

BEKE has been the topic of a number of research reports. Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th. Citigroup reiterated a “buy” rating on shares of KE in a report on Tuesday, May 19th. Barclays raised their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group upgraded KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, May 4th. Finally, UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, KE has an average rating of “Moderate Buy” and a consensus target price of $23.07.

KE Stock Performance

Shares of BEKE stock opened at $15.87 on Friday. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 37.77 and a beta of -0.33. KE Holdings Inc. Sponsored ADR has a one year low of $13.81 and a one year high of $20.98. The company’s 50-day simple moving average is $16.06 and its 200-day simple moving average is $16.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

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.