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

A number of other institutional investors and hedge funds also recently made changes to their positions in BEKE. O Shaughnessy Asset Management LLC boosted its holdings in KE by 107.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company's stock valued at $1,128,000 after purchasing an additional 31,734 shares during the period. Geode Capital Management LLC increased its position in shares of KE by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company's stock valued at $70,585,000 after buying an additional 92,041 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in KE in the fourth quarter worth about $1,579,000. Prudential PLC grew its holdings in shares of KE by 4.1% during the fourth quarter. Prudential PLC now owns 362,584 shares of the company's stock valued at $6,679,000 after buying an additional 14,384 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in KE during the fourth quarter valued at approximately $2,956,000. Institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

BEKE has been the topic of several recent research reports. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Citigroup lowered their target price on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, KE has a consensus rating of "Moderate Buy" and an average price target of $27.16.

KE Stock Down 1.1%

Shares of NYSE:BEKE traded down $0.21 during midday trading on Friday, reaching $18.21. The company's stock had a trading volume of 4,616,466 shares, compared to its average volume of 5,139,904. The firm has a market capitalization of $21.68 billion, a PE ratio of 34.36, a P/E/G ratio of 1.36 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $12.92 and a twelve month high of $26.05. The stock has a fifty day moving average of $18.60 and a 200 day moving average of $19.51.

KE Company 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.