Caisse DE Depot ET Placement DU Quebec Invests $1.57 Million in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Caisse DE Depot ET Placement DU Quebec has made a new investment in KE Holdings Inc. by purchasing 77,900 shares valued at approximately $1,565,000 during the first quarter.
• Wall Street analysts have a consensus "Buy" rating on KE Holdings, with an average price target of $24.54, showing positive outlooks despite varying individual price targets from different firms.
• Shares of KE Holdings opened at $17.58, having a market cap of $20.93 billion and a P/E ratio of 37.41, indicating volatility within the range of its 1-year high of $26.05 and low of $13.28.

Caisse DE Depot ET Placement DU Quebec bought a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 77,900 shares of the company's stock, valued at approximately $1,565,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in KE in the first quarter valued at about $34,000. Wealthquest Corp acquired a new position in KE in the first quarter valued at about $79,000. State of Wyoming acquired a new position in KE in the fourth quarter valued at about $100,000. Brooklyn Investment Group lifted its position in KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after buying an additional 5,606 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in KE in the fourth quarter valued at about $151,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Up 4.9%

NYSE:BEKE traded up $0.87 during mid-day trading on Tuesday, hitting $18.45. The stock had a trading volume of 8,502,262 shares, compared to its average volume of 8,551,721. The stock has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $19.52. The company has a market capitalization of $21.96 billion, a PE ratio of 39.25, a PEG ratio of 1.62 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.28 and a twelve month high of $26.05.

Analysts Set New Price Targets

A number of research analysts have commented on BEKE shares. Barclays decreased their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. 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 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. UBS Group raised 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. Finally, Jefferies Financial Group set a $22.00 price target on shares of KE and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus 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.