KE Holdings Inc. Sponsored ADR $BEKE Stock Position Boosted by Greenwoods Asset Management Hong Kong Ltd.

Key Points

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Greenwoods Asset Management Hong Kong Ltd. raised its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 777.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,771,806 shares of the company's stock after buying an additional 4,228,006 shares during the quarter. KE comprises about 3.0% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 10th biggest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 0.39% of KE worth $95,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in KE by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company's stock valued at $14,897,000 after buying an additional 87,659 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in KE by 14.6% in the first quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock valued at $2,489,000 after buying an additional 15,802 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of KE during the first quarter worth about $34,000. Vanguard Group Inc. lifted its position in shares of KE by 3.8% during 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. Finally, Myriad Asset Management US LP acquired a new stake in shares of KE during the first quarter worth about $2,168,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Up 0.9%

NYSE:BEKE traded up $0.1650 during mid-day trading on Friday, hitting $18.4950. The stock had a trading volume of 4,037,526 shares, compared to its average volume of 5,160,832. The company has a market capitalization of $22.02 billion, a PE ratio of 34.90, a PEG ratio of 1.68 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.28 and a twelve month high of $26.05. The stock has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $19.59.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. reduced their price target on shares of KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Barclays reduced their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Finally, Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $24.97.

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.