KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. has reduced its stake in KE Holdings Inc. by 5.2%, now owning approximately 2.65 million shares valued at $53.3 million.
• Several institutional investors, including GAMMA Investing LLC and Wealthquest Corp, have recently purchased new positions in KE, indicating increased interest in the stock.
• Analysts have mixed ratings on KE, with a consensus rating of "Buy" and an average price target of $24.54, despite some lowering of price targets from firms like JPMorgan Chase and Barclays.

Baird Financial Group Inc. reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 5.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,653,926 shares of the company's stock after selling 145,455 shares during the period. Baird Financial Group Inc. owned approximately 0.22% of KE worth $53,317,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BEKE. GAMMA Investing LLC purchased a new stake in KE during the first quarter valued at about $34,000. Wealthquest Corp bought a new position in KE in the first quarter worth about $79,000. State of Wyoming bought a new position in KE in the fourth quarter worth about $100,000. Brooklyn Investment Group grew its holdings in KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after purchasing an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in KE in the fourth quarter worth about $151,000. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

NYSE:BEKE traded up $0.43 during midday trading on Friday, reaching $18.99. 1,829,333 shares of the stock traded hands, compared to its average volume of 8,457,800. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.28 and a 12-month high of $26.05. The business has a 50-day moving average of $18.36 and a two-hundred day moving average of $19.49. The stock has a market capitalization of $22.61 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 2.24 and a beta of -0.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BEKE shares. Barclays cut their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a research note on Tuesday, August 26th. Citigroup reduced their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. decreased 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. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, KE has an average 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.