Bank of New York Mellon Corp Purchases 87,659 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Bank of New York Mellon Corp lifted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 741,494 shares of the company's stock after acquiring an additional 87,659 shares during the period. Bank of New York Mellon Corp owned approximately 0.06% of KE worth $14,897,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BEKE. First Affirmative Financial Network lifted its position in shares of KE by 4.2% in the first quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock worth $299,000 after purchasing an additional 599 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after purchasing an additional 762 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of KE in the first quarter worth $34,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in KE by 1.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company's stock worth $3,398,000 after buying an additional 1,774 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in KE by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 296,970 shares of the company's stock worth $5,966,000 after buying an additional 3,312 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on BEKE shares. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Citigroup decreased their price objective 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. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, KE has an average rating of "Moderate Buy" and an average price target of $27.16.

KE Stock Performance

Shares of BEKE traded up $0.26 during mid-day trading on Wednesday, reaching $19.59. The company had a trading volume of 3,472,264 shares, compared to its average volume of 9,475,993. The company's 50 day simple moving average is $18.58 and its 200 day simple moving average is $19.36. KE Holdings Inc. Sponsored ADR has a 1-year low of $12.92 and a 1-year high of $26.05. The company has a market capitalization of $23.67 billion, a price-to-earnings ratio of 36.95, a P/E/G ratio of 1.44 and a beta of -0.76.

About KE

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.