Athos Capital Ltd Takes $47.50 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Athos Capital acquired 2,500,000 shares of KE Holdings (NYSE:BEKE) in Q3 — a $47.5 million position that makes KE the firm's largest holding at about 30.1% of its portfolio and equals roughly 0.21% of KE outstanding.
• Analysts are mixed: recent downgrades include Goldman Sachs to "neutral" with a $19 target and Wall Street Zen to "sell," but the consensus remains a "Moderate Buy" with an average price target of $22.40.
• KE shares opened at $16.66 (50-day MA $17.45), with a market cap of $19.47 billion, a P/E of 39.67, a 52-week range of $15.26–$25.17, and about 39.3% ownership by institutional investors.

Athos Capital Ltd acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,500,000 shares of the company's stock, valued at approximately $47,500,000. KE comprises approximately 30.1% of Athos Capital Ltd's portfolio, making the stock its biggest holding. Athos Capital Ltd owned approximately 0.21% of KE as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in KE during the 1st quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its position in shares of KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new stake in shares of KE in the 3rd quarter valued at $76,000. Parallel Advisors LLC boosted its stake in shares of KE by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company's stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the second quarter worth $116,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Monday, February 2nd. Wall Street Zen downgraded KE from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of KE in a research report on Monday, December 22nd. Finally, Barclays set a $23.00 price objective on KE in a research note on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.40.

KE Stock Up 2.2%

Shares of BEKE stock opened at $16.66 on Friday. The firm has a 50 day moving average of $17.45 and a 200-day moving average of $17.69. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 2.13 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 52 week low of $15.26 and a 52 week high of $25.17.

About KE

KE Holdings Inc NYSE: BEKE is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.

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