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

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of KE during the 1st quarter worth about $34,000. Wealthquest Corp bought a new position in shares of KE in the 1st quarter valued at approximately $79,000. State of Wyoming bought a new position in shares of KE in the 4th quarter valued at approximately $100,000. Raiffeisen Bank International AG bought a new position in shares of KE in the 4th quarter valued at approximately $151,000. Finally, FNY Investment Advisers LLC bought a new position in shares of KE in the 1st quarter valued at approximately $200,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup cut their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. UBS Group raised KE from a "neutral" rating to a "buy" rating and raised their target price for the company from $22.10 to $23.00 in a report on Friday, May 16th. Finally, Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, KE presently has an average rating of "Moderate Buy" and a consensus target price of $27.16.

KE Trading Down 2.3%

BEKE traded down $0.43 during midday trading on Monday, reaching $17.78. The company's stock had a trading volume of 2,923,274 shares, compared to its average volume of 8,839,706. KE Holdings Inc. Sponsored ADR has a twelve month low of $12.92 and a twelve month high of $26.05. The stock has a market cap of $21.17 billion, a P/E ratio of 33.56, a PEG ratio of 1.36 and a beta of -0.76. The company has a fifty day simple moving average of $18.60 and a 200 day simple moving average of $19.51.

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.