ANTIPODES PARTNERS Ltd cut its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 13.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,423,574 shares of the company's stock after selling 688,818 shares during the period. KE makes up about 2.8% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 16th biggest position. ANTIPODES PARTNERS Ltd owned 0.37% of KE worth $88,877,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of KE during the first quarter worth $34,000. Wealthquest Corp acquired a new stake in shares of KE during the first quarter worth $79,000. State of Wyoming acquired a new stake in shares of KE during the fourth quarter worth $100,000. Raiffeisen Bank International AG acquired a new position in KE during the fourth quarter valued at $151,000. Finally, FNY Investment Advisers LLC acquired a new position in KE during the first quarter valued at $200,000. 39.34% of the stock is owned by institutional investors and hedge funds.
KE Trading Down 1.2%
NYSE BEKE traded down $0.25 on Friday, reaching $19.50. The stock had a trading volume of 2,868,972 shares, compared to its average volume of 5,353,754. The business has a 50 day moving average price of $18.59 and a 200 day moving average price of $19.39. KE Holdings Inc. Sponsored ADR has a 1 year low of $12.92 and a 1 year high of $26.05. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 36.80, a P/E/G ratio of 1.47 and a beta of -0.76.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on BEKE. Citigroup dropped their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. UBS Group raised KE from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.16.
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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.
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