Scientech Research LLC Acquires Shares of 38,688 KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Scientech Research LLC acquired 38,688 shares of KE Holdings Inc., valued at approximately $777,000, indicating institutional interest in the company.
• Several institutional investors have increased or established positions in KE, with hedge funds now owning 39.34% of the company's stock.
• Analysts have a consensus rating of "Buy" for KE Holdings Inc., with a current average target price of $24.54, reflecting positive expectations for the company's stock performance.

Scientech Research LLC acquired a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,688 shares of the company's stock, valued at approximately $777,000.

Several other hedge funds also recently modified their holdings of BEKE. GAMMA Investing LLC bought a new stake in shares of KE in the first quarter valued at approximately $34,000. Wealthquest Corp bought a new stake in shares of KE in the first quarter valued at approximately $79,000. State of Wyoming bought a new stake in shares of KE in the fourth quarter valued at approximately $100,000. Brooklyn Investment Group boosted its position in shares of KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after acquiring an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG bought a new stake in shares of KE in the fourth quarter valued at approximately $151,000. 39.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BEKE has been the subject of several research reports. Jefferies Financial Group set a $22.00 price objective on KE and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Barclays reduced their target price on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. reduced their target price on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $24.54.

KE Trading Down 0.4%

BEKE stock traded down $0.09 during midday trading on Friday, hitting $20.07. The stock had a trading volume of 5,680,300 shares, compared to its average volume of 6,155,829. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 2.44 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.28 and a 52 week high of $26.05. The stock has a 50-day simple moving average of $18.58 and a 200 day simple moving average of $19.41.

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.