GF Fund Management CO. LTD. Sells 714,021 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

GF Fund Management CO. LTD. trimmed its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 35.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,226 shares of the company's stock after selling 714,021 shares during the period. GF Fund Management CO. LTD. owned approximately 0.11% of KE worth $26,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BEKE. SBI Securities Co. Ltd. bought a new stake in KE during the fourth quarter worth about $30,000. GAMMA Investing LLC bought a new position in shares of KE during the first quarter worth approximately $34,000. Wealthquest Corp bought a new position in KE during the 1st quarter worth $79,000. Rakuten Securities Inc. increased its stake in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares during the period. Finally, State of Wyoming bought a new position in shares of KE in the 4th quarter valued at $100,000. 39.34% of the stock is currently owned by institutional investors.

KE Trading Up 0.1%

KE stock traded up $0.03 during midday trading on Friday, reaching $17.68. The stock had a trading volume of 2,811,949 shares, compared to its average volume of 9,602,890. KE Holdings Inc. Sponsored ADR has a 12 month low of $12.92 and a 12 month high of $26.05. The company has a market capitalization of $21.36 billion, a P/E ratio of 33.35, a PEG ratio of 1.20 and a beta of -0.76. The company has a fifty day moving average price of $18.94 and a two-hundred day moving average price of $19.32.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup reduced their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. UBS Group raised KE from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Morgan Stanley lifted their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, KE presently has an average rating of "Moderate Buy" and a consensus target price of $27.16.

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.