Edmond DE Rothschild Holding S.A. Increases Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in KE Holdings Inc. by 73.4%, owning 104,020 shares valued at approximately $2.09 million as of their latest SEC filing.
• In the first quarter, various institutional investors, including Vanguard and Mirae Asset Global Investments, significantly boosted their holdings in KE, with Mirae increasing its stake by 3,203%.
• Currently, KE Holdings Inc. has an average analyst rating of "Buy" with a target price of $24.54, despite some recent downgrades in price targets by major banks.

Edmond DE Rothschild Holding S.A. lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 73.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,020 shares of the company's stock after purchasing an additional 44,020 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in KE were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of KE by 3.8% in the first quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company's stock worth $508,916,000 after purchasing an additional 919,420 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of KE by 12.9% in the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock worth $299,659,000 after purchasing an additional 1,707,067 shares in the last quarter. Hhlr Advisors LTD. increased its stake in shares of KE by 6.3% in the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company's stock worth $240,546,000 after purchasing an additional 712,126 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of KE by 3,203.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock worth $160,769,000 after purchasing an additional 7,760,169 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of KE by 504.2% in the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after purchasing an additional 4,709,266 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Up 0.7%

BEKE stock opened at $18.59 on Friday. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.28 and a 52 week high of $26.05. The company has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $19.49. The firm has a market capitalization of $22.13 billion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.24 and a beta of -0.76.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BEKE shares. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. cut their target price on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Citigroup cut their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday, May 16th. Barclays cut their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a research note on Tuesday, August 26th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $24.54.

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.

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