KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. increased its holdings in KE Holdings Inc. (NYSE:BEKE) by 1.4%, now owning approximately $25.61 million worth of shares.
• Institutional investors hold 39.34% of KE Holdings, signaling strong interest in the company from major players in the market.
• Recent analyst ratings show mixed sentiments, with Barclays reducing its target price from $33.00 to $25.00, while UBS upgraded KE from "neutral" to "buy" with a target increase to $23.00.

APG Asset Management N.V. grew its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,376,966 shares of the company's stock after purchasing an additional 19,600 shares during the quarter. APG Asset Management N.V. owned about 0.11% of KE worth $25,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new stake in shares of KE during the fourth quarter worth about $233,000. Stifel Financial Corp purchased a new stake in KE during the 4th quarter worth approximately $209,000. Pinebridge Investments L.P. purchased a new stake in KE during the 4th quarter worth approximately $204,000. Voya Investment Management LLC increased its stake in KE by 30.8% during the 4th quarter. Voya Investment Management LLC now owns 46,276 shares of the company's stock valued at $852,000 after purchasing an additional 10,889 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of KE by 180.1% in the fourth quarter. Northern Trust Corp now owns 3,699,677 shares of the company's stock worth $68,148,000 after buying an additional 2,378,858 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Down 1.7%

KE stock traded down $0.30 during mid-day trading on Thursday, hitting $17.49. The company had a trading volume of 5,278,712 shares, compared to its average volume of 8,566,187. The company has a market capitalization of $20.83 billion, a price-to-earnings ratio of 37.22, a P/E/G ratio of 1.69 and a beta of -0.76. The company's fifty day moving average is $18.38 and its 200-day moving average is $19.58. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.28 and a 12-month high of $26.05.

Wall Street Analysts Forecast Growth

BEKE has been the topic of several research reports. Barclays cut their target price on KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research report 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. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group set a $22.00 target price on KE and gave the company a "buy" rating in a research report on Tuesday. Finally, Citigroup reduced their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, KE presently has a consensus rating of "Buy" and a consensus price target of $24.54.

KE Company 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.