Deutsche Bank AG Buys 168,328 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Deutsche Bank AG increased its stake in KE Holdings Inc. by 10.4%, reaching a total of 1,781,848 shares valued at approximately $35.8 million as of the end of the first quarter.
• Institutional ownership in KE is significant, with approximately 39.34% of the stock held by hedge funds and other investors, including multiple new positions established in the first quarter.
• Analyst ratings for KE Holdings have varied, with seven buy ratings and a current average target price of $26.30, despite some recent price target reductions by firms like Citigroup and JPMorgan.

Deutsche Bank AG lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,781,848 shares of the company's stock after acquiring an additional 168,328 shares during the period. Deutsche Bank AG owned about 0.15% of KE worth $35,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC bought a new position in KE during the first quarter valued at about $34,000. Wealthquest Corp acquired a new position in shares of KE in the 1st quarter valued at $79,000. State of Wyoming acquired a new position in shares of KE in the 4th quarter valued at $100,000. Raiffeisen Bank International AG acquired a new position in shares of KE in the 4th quarter valued at $151,000. Finally, FNY Investment Advisers LLC purchased a new stake in KE in the 1st quarter worth about $200,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BEKE shares. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $22.10 to $23.00 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. Barclays lowered their target price on KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday. Citigroup lowered their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their target price on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.97.

KE Stock Performance

BEKE traded down $0.06 on Friday, hitting $18.33. 2,808,766 shares of the company were exchanged, compared to its average volume of 5,094,183. The stock's fifty day moving average is $18.48 and its 200-day moving average is $19.55. The company has a market cap of $21.83 billion, a PE ratio of 34.59, a PEG ratio of 1.37 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.28 and a 12 month high of $26.05.

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.