American Century Companies Inc. lowered its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 961,528 shares of the company's stock after selling 69,057 shares during the quarter. American Century Companies Inc. owned about 0.08% of KE worth $19,317,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of BEKE. GAMMA Investing LLC purchased a new stake in KE in the 1st quarter worth $34,000. Wealthquest Corp bought a new position in KE during the 1st quarter valued at about $79,000. State of Wyoming bought a new position in KE during the 4th quarter valued at about $100,000. Raiffeisen Bank International AG bought a new position in KE in the 4th quarter worth about $151,000. Finally, FNY Investment Advisers LLC bought a new position in KE in the 1st quarter worth about $200,000. Hedge funds and other institutional investors own 39.34% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a "buy" rating in a research note on Tuesday. UBS Group upgraded shares of 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 research note on Friday, May 16th. JPMorgan Chase & Co. decreased their price target on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Barclays decreased their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, KE presently has an average rating of "Buy" and a consensus target price of $24.54.
Get Our Latest Stock Report on BEKE
KE Stock Performance
Shares of KE stock traded up $0.11 during trading on Friday, hitting $17.62. 1,434,170 shares of the company's stock were exchanged, compared to its average volume of 8,520,503. The business has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $19.57. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.28 and a 52-week high of $26.05. The stock has a market capitalization of $20.98 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 1.61 and a beta of -0.76.
About KE
(
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.
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