Infini Capital Management Ltd purchased a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 175,206 shares of the company's stock, valued at approximately $3,520,000. KE comprises approximately 3.5% of Infini Capital Management Ltd's investment portfolio, making the stock its 6th biggest holding.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after purchasing an additional 2,623 shares during the period. SBI Securities Co. Ltd. bought a new stake in KE during the 4th quarter worth approximately $30,000. Charles Schwab Investment Management Inc. increased its holdings in shares of KE by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,077,371 shares of the company's stock worth $19,845,000 after buying an additional 82,856 shares during the last quarter. M&T Bank Corp increased its holdings in shares of KE by 16.9% in the 4th quarter. M&T Bank Corp now owns 54,905 shares of the company's stock worth $1,011,000 after buying an additional 7,941 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after buying an additional 762 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BEKE has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. Citigroup reduced their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the company from $22.10 to $23.00 in a report on Friday, May 16th. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.16.
View Our Latest Stock Report on KE
KE Stock Up 0.1%
Shares of BEKE opened at $17.68 on Monday. The stock has a market capitalization of $21.36 billion, a P/E ratio of 33.35, a PEG ratio of 1.20 and a beta of -0.76. The firm has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $19.33. KE Holdings Inc. Sponsored ADR has a twelve month low of $12.92 and a twelve month high of $26.05.
KE Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report).
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