Asset Management One Co. Ltd. Boosts Stock Holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Asset Management One Co. Ltd. increased its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 14.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,886 shares of the company's stock after purchasing an additional 15,802 shares during the period. Asset Management One Co. Ltd.'s holdings in KE were worth $2,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Northwest & Ethical Investments L.P. bought a new stake in KE in the fourth quarter valued at approximately $708,000. Rhumbline Advisers increased its stake in shares of KE by 10.8% in the fourth quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock worth $1,757,000 after buying an additional 9,330 shares during the period. GAMMA Investing LLC bought a new stake in KE during the 1st quarter valued at $34,000. Charles Schwab Investment Management Inc. boosted its position in KE by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,077,371 shares of the company's stock valued at $19,845,000 after buying an additional 82,856 shares during the period. Finally, Polymer Capital Management HK LTD boosted its holdings in shares of KE by 106.5% during the fourth quarter. Polymer Capital Management HK LTD now owns 564,845 shares of the company's stock worth $10,404,000 after purchasing an additional 291,291 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Performance

Shares of NYSE BEKE traded up $0.03 during midday trading on Thursday, reaching $17.68. The stock had a trading volume of 2,811,949 shares, compared to its average volume of 9,591,577. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05. The stock has a 50-day moving average of $19.10 and a 200-day moving average of $19.34. The company has a market capitalization of $21.36 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.21 and a beta of -0.76.

Analyst Upgrades and Downgrades

BEKE has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. 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. UBS Group raised KE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Morgan Stanley upped their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.16.

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.