ABN Amro Investment Solutions Has $7.39 Million Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• ABN Amro Investment Solutions increased its stake in KE Holdings by 47.6% in the first quarter, buying an additional 159,335 shares and bringing its total holding to 493,884 shares worth about $7.39 million.
• Other large investors have also been active in KE, including Norges Bank, Invesco, Burkehill Global Management, Amundi, and Bank of America. Institutional investors and hedge funds now own 39.34% of the company’s stock.
• Wall Street sentiment is generally positive on KE, with six Buy ratings and one Hold, giving the stock a consensus rating of Moderate Buy and a consensus price target of $23.07.

ABN Amro Investment Solutions lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 47.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 493,884 shares of the company's stock after buying an additional 159,335 shares during the period. ABN Amro Investment Solutions' holdings in KE were worth $7,393,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in KE during the 4th quarter worth approximately $112,843,000. Invesco Ltd. boosted its holdings in shares of KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company's stock valued at $42,957,000 after buying an additional 1,608,207 shares during the period. Burkehill Global Management LP acquired a new position in shares of KE in the third quarter valued at approximately $28,500,000. Amundi bought a new stake in shares of KE during the fourth quarter worth $22,303,000. Finally, Bank of America Corp DE increased its position in shares of KE by 76.3% during the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company's stock worth $58,290,000 after acquiring an additional 1,327,775 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Wall Street Analyst Weigh In

BEKE has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of KE in a research report on Wednesday, June 24th. Barclays increased their target price on KE from $23.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, May 20th. Griffin Securities set a $24.40 price target on KE in a research note on Wednesday, April 8th. Wall Street Zen upgraded KE from a "sell" rating to a "buy" rating in a report on Saturday, May 23rd. Finally, Citigroup reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.07.

KE Trading Down 2.9%

Shares of NYSE:BEKE opened at $16.09 on Thursday. The company's 50-day moving average price is $16.16 and its two-hundred day moving average price is $16.69. KE Holdings Inc. Sponsored ADR has a one year low of $13.81 and a one year high of $20.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market capitalization of $18.00 billion, a PE ratio of 38.30 and a beta of -0.33.

KE Company Profile

KE Holdings Inc NYSE: BEKE is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.

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