Barings LLC Sells 86,105 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Barings LLC reduced its stake in KE Holdings Inc. by 7.0%, now holding 1,151,606 shares worth approximately $23.14 million.
• Wall Street analysts have varying opinions on KE Holdings, with recent ratings including a "hold" from Wall Street Zen and a "buy" from UBS Group, while the average price target stands at $27.16.
• KE Holdings operates a platform for housing transactions in China, with a market capitalization of $21.68 billion and trading between yearly lows of $12.92 and highs of $26.05.

Barings LLC lowered its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,151,606 shares of the company's stock after selling 86,105 shares during the quarter. KE accounts for about 0.6% of Barings LLC's holdings, making the stock its 25th largest position. Barings LLC owned approximately 0.10% of KE worth $23,136,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of KE by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company's stock valued at $14,897,000 after buying an additional 87,659 shares during the period. Asset Management One Co. Ltd. grew its stake in KE by 14.6% in the first quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock valued at $2,489,000 after purchasing an additional 15,802 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of KE during the 1st quarter worth about $34,000. Polymer Capital Management HK LTD lifted its holdings in shares of KE by 106.5% during the 4th quarter. Polymer Capital Management HK LTD now owns 564,845 shares of the company's stock valued at $10,404,000 after buying an additional 291,291 shares during the last quarter. Finally, Myriad Asset Management US LP bought a new stake in shares of KE in the 1st quarter valued at approximately $2,168,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Performance

Shares of BEKE traded down $0.02 during mid-day trading on Wednesday, hitting $17.55. The company's stock had a trading volume of 4,523,877 shares, compared to its average volume of 8,815,190. KE Holdings Inc. Sponsored ADR has a one year low of $13.20 and a one year high of $26.05. The stock's 50-day moving average is $18.57 and its two-hundred day moving average is $19.50. The firm has a market capitalization of $20.89 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.33 and a beta of -0.76.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BEKE shares. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Citigroup lowered their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, KE has a consensus rating of "Moderate Buy" and a consensus price target of $27.16.

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.