Headwater Capital Co Ltd lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company's stock after selling 100,000 shares during the period. KE comprises approximately 4.5% of Headwater Capital Co Ltd's holdings, making the stock its 7th largest holding. Headwater Capital Co Ltd's holdings in KE were worth $10,045,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of KE during the 1st quarter worth approximately $34,000. Wealthquest Corp acquired a new stake in KE during the 1st quarter valued at approximately $79,000. State of Wyoming bought a new stake in shares of KE during the fourth quarter valued at about $100,000. Raiffeisen Bank International AG acquired a new position in KE in the 4th quarter worth about $151,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of KE in the 1st quarter worth approximately $200,000. 39.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have weighed in on BEKE shares. Citigroup reduced 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. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.16.
Get Our Latest Stock Analysis on BEKE
KE Stock Performance
Shares of BEKE stock traded down $0.21 during mid-day trading on Friday, hitting $18.21. The company's stock had a trading volume of 4,616,466 shares, compared to its average volume of 5,139,904. KE Holdings Inc. Sponsored ADR has a 52 week low of $12.92 and a 52 week high of $26.05. The company has a market cap of $21.68 billion, a PE ratio of 34.36, a P/E/G ratio of 1.36 and a beta of -0.76. The company's fifty day simple moving average is $18.60 and its 200-day simple moving average is $19.51.
KE Profile
(
Free Report)
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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