Freemont Capital Pte Ltd Makes New $542,000 Investment in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Freemont Capital Pte Ltd has acquired a new position in KE Holdings Inc. by purchasing 27,000 shares valued at approximately $542,000, making it the fund's 7th largest holding.
• KE Holdings' shares currently trade at around $19.44, with a one-year high of $26.05 and a low of $12.92.
• Equities analysts are mixed on KE Holdings, with one downgrade to "hold" and upgrades including a new "buy" rating, reflecting an average target price of $27.16 for the stock.

Freemont Capital Pte Ltd acquired a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,000 shares of the company's stock, valued at approximately $542,000. KE comprises 0.0% of Freemont Capital Pte Ltd's holdings, making the stock its 7th largest position.

Other institutional investors have also modified their holdings of the company. First Affirmative Financial Network grew its holdings in KE by 4.2% in the first quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock valued at $299,000 after purchasing an additional 599 shares during the period. GAMMA Investing LLC purchased a new stake in KE in the first quarter valued at approximately $34,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in KE by 1.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company's stock valued at $3,398,000 after purchasing an additional 1,774 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in KE by 1.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 296,970 shares of the company's stock valued at $5,966,000 after purchasing an additional 3,312 shares during the period. Finally, Wealthquest Corp purchased a new stake in KE in the first quarter valued at approximately $79,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Performance

Shares of BEKE stock traded down $0.25 on Friday, hitting $18.18. The stock had a trading volume of 3,430,311 shares, compared to its average volume of 8,873,539. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.39 and a beta of -0.76. The stock's 50 day moving average is $18.61 and its 200-day moving average is $19.46. KE Holdings Inc. Sponsored ADR has a 52-week low of $12.92 and a 52-week high of $26.05.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BEKE shares. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Citigroup dropped their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. Finally, UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, KE currently has an average rating of "Moderate Buy" and an average target price of $27.16.

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.