Bank of New York Mellon Corp increased its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 13.4% in the 1st quarter, according to its most recent 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 quarter. Bank of New York Mellon Corp owned 0.06% of KE worth $14,897,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Asset Management One Co. Ltd. boosted its holdings in KE by 14.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock worth $2,489,000 after acquiring an additional 15,802 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of KE in the 4th quarter worth about $708,000. GAMMA Investing LLC purchased a new position in shares of KE in the 1st quarter worth about $34,000. Polymer Capital Management HK LTD boosted its holdings in shares of KE by 106.5% in the 4th quarter. Polymer Capital Management HK LTD now owns 564,845 shares of the company's stock worth $10,404,000 after buying an additional 291,291 shares during the last quarter. Finally, Rovida Investment Management Ltd purchased a new position in shares of KE in the 4th quarter worth about $7,364,000. Institutional investors own 39.34% of the company's stock.
KE Price Performance
Shares of BEKE traded up $0.27 during midday trading on Tuesday, hitting $19.31. 1,239,636 shares of the company traded hands, compared to its average volume of 9,474,687. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $19.35. KE Holdings Inc. Sponsored ADR has a one year low of $12.92 and a one year high of $26.05. The firm has a market cap of $23.33 billion, a P/E ratio of 36.43, a PEG ratio of 1.44 and a beta of -0.76.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group raised 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. Finally, Citigroup dropped 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.16.
View Our Latest Research Report on BEKE
KE Company Profile
(
Free Report)
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.
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