Headwater Capital Co Ltd Sells 100,000 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Headwater Capital Co Ltd has reduced its stake in KE Holdings Inc. by 16.7%, owning now 500,000 shares worth approximately $10.05 million, making it the seventh largest position in its investment portfolio.
• Recent analyst ratings for KE Holdings show a consensus of moderate buy with a target price ranging from $23.00 to $27.16.
• KE stock has a market capitalization of $21.68 billion, with shares currently down 1.1% and trading at $18.21.

Headwater Capital Co Ltd lowered its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company's stock after selling 100,000 shares during the quarter. KE makes up 4.5% of Headwater Capital Co Ltd's portfolio, making the stock its 7th biggest holding. Headwater Capital Co Ltd's holdings in KE were worth $10,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FIL Ltd raised its holdings in shares of KE by 21.1% during the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after acquiring an additional 4,503,902 shares in the last quarter. Krane Funds Advisors LLC raised its stake in KE by 12.9% during the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock valued at $299,659,000 after purchasing an additional 1,707,067 shares in the last quarter. Hhlr Advisors LTD. lifted its position in KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after purchasing an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of KE by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after buying an additional 194,800 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BEKE. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Citigroup decreased their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.16.

KE Stock Performance

BEKE traded down $0.02 on Wednesday, hitting $17.55. The company had a trading volume of 4,523,877 shares, compared to its average volume of 8,815,190. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 1.33 and a beta of -0.76. The stock has a fifty day moving average price of $18.57 and a 200-day moving average price of $19.50. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.20 and a 12-month high of $26.05.

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.