1,271,620 Shares in KE Holdings Inc. Sponsored ADR $BEKE Acquired by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE acquired a significant stake of 1,271,620 shares in KE Holdings Inc. valued at approximately $25.5 million, marking its entry into the investment during the first quarter.
• Several institutional investors, including Bank of New York Mellon Corp and Vanguard Group Inc., have also increased their positions in KE Holdings, indicating strong institutional interest.
• Analysts have shown mixed sentiment with recent downgrades and varied price targets; however, the average rating remains at "Buy" with a target price of $24.97.

Axiom Investors LLC DE bought a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,271,620 shares of the company's stock, valued at approximately $25,547,000. Axiom Investors LLC DE owned about 0.11% of KE as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BEKE. APG Asset Management N.V. raised its position in shares of KE by 1.4% during the first quarter. APG Asset Management N.V. now owns 1,376,966 shares of the company's stock worth $25,609,000 after acquiring an additional 19,600 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in KE by 8.9% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 271,950 shares of the company's stock worth $5,463,000 after purchasing an additional 22,200 shares in the last quarter. Compound Planning Inc. grew its position in KE by 29.6% during the first quarter. Compound Planning Inc. now owns 16,436 shares of the company's stock worth $330,000 after buying an additional 3,752 shares in the last quarter. Venture Visionary Partners LLC bought a new position in shares of KE during the first quarter valued at about $262,000. Finally, Credit Agricole S A lifted its position in shares of KE by 4.6% in the 1st quarter. Credit Agricole S A now owns 114,450 shares of the company's stock worth $2,299,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Down 1.7%

NYSE:BEKE traded down $0.30 during midday trading on Thursday, hitting $17.49. 5,278,660 shares of the company were exchanged, compared to its average volume of 8,566,012. The company has a market capitalization of $20.83 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 1.69 and a beta of -0.76. The company has a fifty day simple moving average of $18.38 and a 200 day simple moving average of $19.58. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $13.28 and a fifty-two week high of $26.05.

Analyst Ratings Changes

A number of equities analysts have weighed in on BEKE shares. Jefferies Financial Group set a $22.00 target price on KE and gave the stock a "buy" rating in a research report on Tuesday. 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. cut their target price on shares of KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Citigroup cut their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock 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.