Aberdeen Group plc cut its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 28.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 319,324 shares of the company's stock after selling 129,042 shares during the period. Aberdeen Group plc's holdings in KE were worth $5,665,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in BEKE. Mirae Asset Global Investments Co. Ltd. raised its stake in KE by 3,203.0% during the 1st 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 increased its stake in shares of KE by 299.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock worth $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its stake in shares of KE by 777.5% in the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company's stock worth $95,866,000 after purchasing an additional 4,228,006 shares in the last quarter. Nuveen LLC purchased a new stake in shares of KE in the 1st quarter worth $81,473,000. Finally, National Bank of Canada FI purchased a new stake in shares of KE in the 1st quarter worth $54,759,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on BEKE. Weiss Ratings restated a "hold (c+)" rating on shares of KE in a research note on Wednesday, October 8th. Barclays reduced their price objective on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Jefferies Financial Group set a $22.00 price objective on KE and gave the stock a "buy" rating in a research note on Tuesday, August 26th. 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 lowered KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, KE currently has an average rating of "Moderate Buy" and an average price target of $24.54.
Get Our Latest Stock Report on BEKE
KE Stock Down 0.2%
Shares of KE stock opened at $18.29 on Friday. The firm has a market cap of $21.78 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.22 and a beta of -0.67. The business has a 50-day moving average price of $18.77 and a 200-day moving average price of $18.91. KE Holdings Inc. Sponsored ADR has a twelve month low of $16.05 and a twelve month high of $25.17.
KE Company Profile
(
Free Report)
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.
Further Reading
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