Axiom Investors LLC DE Buys Shares of 1,271,620 KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Axiom Investors LLC DE has acquired 1,271,620 shares of KE Holdings Inc. for approximately $25.5 million, representing a 0.11% ownership stake in the company.
• Recent modifications in institutional holdings include GAMMA Investing LLC and Wealthquest Corp, highlighting increasing interest in KE Holdings, with institutional ownership now standing at 39.34%.
• Equities research analysts have generally rated KE Holdings as a "Buy," with a consensus price target of $24.54, reflecting optimism about the company's future performance.

Axiom Investors LLC DE purchased a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in KE during the 1st quarter valued at $34,000. Wealthquest Corp acquired a new stake in KE during the 1st quarter valued at $79,000. State of Wyoming acquired a new stake in KE during the 4th quarter valued at $100,000. Brooklyn Investment Group lifted its holdings in KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after purchasing an additional 5,606 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in KE during the 4th quarter valued at $151,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Performance

Shares of NYSE BEKE traded down $0.09 during mid-day trading on Friday, reaching $20.07. The company had a trading volume of 5,680,300 shares, compared to its average volume of 6,012,190. KE Holdings Inc. Sponsored ADR has a one year low of $13.28 and a one year high of $26.05. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 2.45 and a beta of -0.76. The business's 50-day simple moving average is $18.58 and its 200 day simple moving average is $19.46.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup lowered their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. lowered their price objective on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. UBS Group upgraded 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 report on Friday, May 16th. Finally, Jefferies Financial Group set a $22.00 price objective on KE and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $24.54.

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.