Rovida Advisors Inc. Invests $9.75 Million in KE Holdings Inc. Sponsored ADR $BEKE

Rovida Advisors Inc. purchased a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the second quarter, Holdings Channel reports. The firm purchased 550,000 shares of the company’s stock, valued at approximately $9,752,000. KE accounts for 1.8% of Rovida Advisors Inc.’s portfolio, making the stock its 10th largest position.

Several other large investors have also recently bought and sold shares of BEKE. Strs Ohio bought a new stake in shares of KE in the 1st quarter worth approximately $44,000. Hantz Financial Services Inc. boosted its position in KE by 599.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after buying an additional 2,602 shares during the period. Wealthquest Corp purchased a new position in shares of KE during the first quarter valued at approximately $79,000. Brooklyn Investment Group grew its stake in KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock worth $116,000 after purchasing an additional 5,606 shares during the period. Finally, Signaturefd LLC grew its stake in shares of KE by 7.1% in the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock worth $159,000 after acquiring an additional 590 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of NYSE:BEKE opened at $16.42 on Wednesday. KE Holdings Inc. Sponsored ADR has a one year low of $15.39 and a one year high of $25.17. The stock has a market cap of $19.56 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.92 and a beta of -0.64. The business’s fifty day moving average price is $18.47 and its two-hundred day moving average price is $18.62.

Analyst Upgrades and Downgrades

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

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.