Banque Cantonale Vaudoise Invests $1.01 Million in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Banque Cantonale Vaudoise acquired 50,000 shares of KE Holdings Inc., valued at approximately $1,005,000, during the first quarter.
• Recent analyst ratings for KE have included upgrades to a "buy" rating from UBS Group and downgrades from Wall Street Zen, highlighting a mixed outlook for the stock.
• KE Holdings Inc.'s stock has seen a 52-week range between $12.92 and $26.05, with a current market capitalization of $22.27 billion.

Banque Cantonale Vaudoise bought a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $1,005,000.

A number of other institutional investors have also recently modified their holdings of BEKE. O Shaughnessy Asset Management LLC grew its stake in shares of KE by 107.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company's stock worth $1,128,000 after acquiring an additional 31,734 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of KE by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company's stock worth $70,585,000 after acquiring an additional 92,041 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of KE during the fourth quarter valued at $1,579,000. Prudential PLC lifted its holdings in shares of KE by 4.1% during the fourth quarter. Prudential PLC now owns 362,584 shares of the company's stock valued at $6,679,000 after purchasing an additional 14,384 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of KE during the fourth quarter valued at $2,956,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Down 1.1%

BEKE stock traded down $0.21 during trading on Friday, reaching $18.21. The stock had a trading volume of 4,616,466 shares, compared to its average volume of 4,909,078. KE Holdings Inc. Sponsored ADR has a 52 week low of $12.92 and a 52 week high of $26.05. The stock's 50 day moving average is $18.60 and its two-hundred day moving average is $19.47. The firm has a market cap of $21.68 billion, a PE ratio of 34.36, a PEG ratio of 1.37 and a beta of -0.76.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of research analyst reports. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup lowered their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Finally, UBS Group raised KE from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.16.

About KE

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.