APG Asset Management N.V. Raises Position in KE Holdings Inc. Sponsored ADR $BEKE

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

Several other institutional investors and hedge funds have also bought and sold shares of BEKE. First Trust Advisors LP bought a new position in KE during the fourth quarter valued at $233,000. Stifel Financial Corp bought a new position in KE during the fourth quarter valued at $209,000. Pinebridge Investments L.P. bought a new position in KE during the fourth quarter valued at $204,000. Voya Investment Management LLC grew its holdings in KE by 30.8% during the fourth 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 during the period. Finally, Northern Trust Corp grew its holdings in KE by 180.1% during the fourth quarter. Northern Trust Corp now owns 3,699,677 shares of the company's stock valued at $68,148,000 after purchasing an additional 2,378,858 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Stock Up 0.4%

Shares of BEKE stock traded up $0.07 on Friday, reaching $17.58. The company's stock had a trading volume of 6,226,279 shares, compared to its average volume of 6,076,346. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.28 and a 12-month high of $26.05. The company has a market capitalization of $20.93 billion, a P/E ratio of 37.41, a PEG ratio of 1.59 and a beta of -0.76. The stock's 50 day simple moving average is $18.36 and its 200-day simple moving average is $19.55.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BEKE shares. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group set a $22.00 price target on KE and gave the stock a "buy" rating in a report on Tuesday. UBS Group raised KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup cut their price target on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Barclays cut their price target on 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 MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $24.54.

KE 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.