Infini Capital Management Ltd Buys Shares of 175,206 KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Infini Capital Management Ltd bought a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 175,206 shares of the company's stock, valued at approximately $3,520,000. KE accounts for approximately 3.5% of Infini Capital Management Ltd's investment portfolio, making the stock its 6th biggest holding.

A number of other large investors also recently added to or reduced their stakes in BEKE. FIL Ltd increased its position in shares of KE by 21.1% in the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after acquiring an additional 4,503,902 shares during the period. Krane Funds Advisors LLC boosted its stake in shares of KE by 12.9% during 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 in the last quarter. Hhlr Advisors LTD. boosted its stake in shares of KE by 3.6% during the 4th quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after purchasing an additional 392,588 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of KE by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock valued at $150,228,000 after purchasing an additional 194,800 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

BEKE has been the topic of a number of research reports. Citigroup cut their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and lifted their target price for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Morgan Stanley boosted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, KE presently has a consensus rating of "Moderate Buy" and an average price target of $27.16.

KE Trading Up 6.4%

BEKE stock traded up $1.17 during midday trading on Thursday, reaching $19.43. 9,887,931 shares of the company's stock traded hands, compared to its average volume of 9,570,515. KE Holdings Inc. Sponsored ADR has a 52-week low of $12.92 and a 52-week high of $26.05. The stock has a market cap of $23.48 billion, a P/E ratio of 36.67, a PEG ratio of 1.23 and a beta of -0.76. The stock's 50-day moving average is $18.78 and its 200 day moving average is $19.31.

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.