Central Asset Investments & Management Holdings HK Ltd boosted its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 37.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,000 shares of the company's stock after purchasing an additional 18,103 shares during the quarter. KE comprises approximately 2.3% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 11th largest holding. Central Asset Investments & Management Holdings HK Ltd's holdings in KE were worth $1,346,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BEKE. Canada Pension Plan Investment Board boosted its holdings in KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after acquiring an additional 11,182,265 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in KE by 3,203.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock worth $160,769,000 after acquiring an additional 7,760,169 shares during the last quarter. Aspex Management HK Ltd purchased a new position in KE during the 4th quarter worth $119,996,000. Nuveen Asset Management LLC boosted its holdings in KE by 504.2% during the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after acquiring an additional 4,709,266 shares during the last quarter. Finally, Nuveen LLC purchased a new position in KE during the 1st quarter worth $81,473,000. Institutional investors and hedge funds own 39.34% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on BEKE shares. Barclays cut their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday. JPMorgan Chase & Co. decreased their price target on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday. Citigroup cut their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, UBS Group raised 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 report on Friday, May 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.97.
Read Our Latest Stock Report on BEKE
KE Trading Down 0.3%
Shares of NYSE:BEKE traded down $0.06 during trading on Friday, reaching $18.33. 2,808,766 shares of the company traded hands, compared to its average volume of 5,094,183. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.37 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.28 and a 52-week high of $26.05. The business's fifty day moving average is $18.48 and its 200-day moving average is $19.53.
KE 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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