Baird Financial Group Inc. Grows Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Baird Financial Group increased its KE Holdings position by 5.8% in the second quarter, adding 324,707 shares to hold 5.94 million shares valued at approximately $86.3 million. Institutional investors collectively own 39.34% of the company.
• KE Holdings beat quarterly expectations, reporting $0.42 in EPS versus the $0.31 consensus estimate and $3.61 billion in revenue versus expectations of $3.59 billion.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a $23.64 average price target, compared with its reported opening price of $17.24.

Baird Financial Group Inc. lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,942,507 shares of the company's stock after purchasing an additional 324,707 shares during the quarter. Baird Financial Group Inc. owned about 0.53% of KE worth $86,345,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company's stock worth $36,000 after purchasing an additional 1,750 shares in the last quarter. Strs Ohio acquired a new position in shares of KE during the 1st quarter worth about $44,000. Allworth Financial LP raised its holdings in KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company's stock worth $46,000 after purchasing an additional 2,089 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after acquiring an additional 2,257 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of KE in the 4th quarter valued at about $88,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

BEKE stock opened at $17.24 on Wednesday. The firm has a 50 day moving average of $16.82 and a 200-day moving average of $16.55. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.68 and a beta of -0.26. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.81 and a 12-month high of $20.98.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. The firm had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. As a group, equities analysts expect that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BEKE shares. Citigroup reaffirmed a "buy" rating on shares of KE in a report on Tuesday, May 19th. UBS Group raised KE from a "neutral" rating to a "buy" rating and set a $23.00 target price on the stock in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of KE from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Zacks Research raised shares of KE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 26th. Finally, CLSA started coverage on shares of KE in a research note on Wednesday, August 19th. They issued an "outperform" rating and a $23.80 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $23.64.

KE Company Profile

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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