KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. dramatically increased its stake in KE Holdings Inc. by 3,916.3%, acquiring a total of 1,805,372 shares, bringing its total ownership to approximately 1.85 million shares valued at $32.8 million.
• Analysts have mixed opinions on KE Holdings, with Barclays and JPMorgan lowering their target prices while maintaining an "overweight" rating, and seven analysts currently rating the stock as a "Buy."
• As of the recent market performance, KE Holdings stock opened at $19.80, with a market cap of approximately $23.58 billion and a 52-week range between $14.34 and $26.05.

Assenagon Asset Management S.A. lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 3,916.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,851,471 shares of the company's stock after purchasing an additional 1,805,372 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.15% of KE worth $32,845,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of KE by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company's stock valued at $508,916,000 after purchasing an additional 919,420 shares during the period. Krane Funds Advisors LLC boosted its position in shares of KE by 12.9% in the 1st quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock valued at $299,659,000 after purchasing an additional 1,707,067 shares during the period. Hhlr Advisors LTD. grew its holdings in shares of KE by 6.3% during the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company's stock worth $240,546,000 after buying an additional 712,126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in KE by 3,203.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock valued at $160,769,000 after acquiring an additional 7,760,169 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KE by 299.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock valued at $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

BEKE traded down $0.36 during midday trading on Monday, reaching $19.39. 3,562,456 shares of the company's stock were exchanged, compared to its average volume of 6,454,099. KE Holdings Inc. Sponsored ADR has a 1-year low of $14.55 and a 1-year high of $26.05. The stock has a market capitalization of $23.08 billion, a PE ratio of 41.25, a P/E/G ratio of 2.40 and a beta of -0.76. The business's 50-day moving average price is $18.74 and its 200 day moving average price is $19.27.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BEKE shares. Barclays decreased 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. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group set a $22.00 target price on KE and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, KE currently has a consensus rating of "Buy" and a consensus price target 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.