Acadian Asset Management LLC Invests $1.48 Million in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Acadian Asset Management LLC acquired 73,643 shares of KE Holdings Inc. valued at approximately $1,479,000 in the first quarter, highlighting increased institutional interest in the company.
• Analyst reports indicate a range of opinions on KE Holdings, with Barclays lowering their price target from $33.00 to $25.00 while seven analysts maintain a "Buy" rating with an average target of $24.54.
• As of the latest trading, KE stock opened at $20.00, with a market cap of $23.81 billion and a 52-week range of $13.41 to $26.05.

Acadian Asset Management LLC acquired a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 73,643 shares of the company's stock, valued at approximately $1,479,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in KE by 3,203.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock valued at $160,769,000 after buying an additional 7,760,169 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock valued at $147,135,000 after buying an additional 5,490,172 shares during the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its stake in KE by 777.5% in the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company's stock valued at $95,866,000 after buying an additional 4,228,006 shares during the last quarter. Nuveen LLC purchased a new stake in KE in the first quarter valued at about $81,473,000. Finally, National Bank of Canada FI purchased a new stake in KE in the first quarter valued at about $54,759,000. Institutional investors own 39.34% of the company's stock.

KE Trading Up 2.2%

BEKE traded up $0.43 during trading on Wednesday, hitting $20.42. The company's stock had a trading volume of 12,815,280 shares, compared to its average volume of 5,999,443. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.90 and a twelve month high of $26.05. The business's fifty day simple moving average is $18.70 and its 200 day simple moving average is $19.41. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of 43.45, a P/E/G ratio of 2.43 and a beta of -0.76.

Analyst Ratings Changes

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

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.