Hsbc Holdings PLC Boosts Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Hsbc Holdings PLC increased its stake in KE Holdings Inc. by 0.7% during Q1, owning now 3,463,525 shares valued at approximately $69.56 million.
• Other institutional investors are also showing significant interest, with Mirae Asset Global Investments increasing their position by 3,203% this quarter.
• The stock has a current market capitalization of $21.86 billion and an average price target of $24.97 based on analyst ratings.

Hsbc Holdings PLC raised its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,463,525 shares of the company's stock after purchasing an additional 23,087 shares during the quarter. Hsbc Holdings PLC owned approximately 0.29% of KE worth $69,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of KE in the first quarter worth about $34,000. Wealthquest Corp purchased a new stake in shares of KE in the first quarter worth about $79,000. State of Wyoming purchased a new stake in shares of KE in the fourth quarter worth about $100,000. Brooklyn Investment Group lifted its holdings in shares of KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after buying an additional 5,606 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of KE in the fourth quarter worth about $151,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

KE Price Performance

NYSE BEKE traded up $0.1650 on Friday, reaching $18.4950. 4,037,526 shares of the company's stock traded hands, compared to its average volume of 5,101,909. The stock has a market cap of $22.02 billion, a PE ratio of 34.90, a P/E/G ratio of 1.68 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.28 and a 12 month high of $26.05. The stock has a 50-day simple moving average of $18.41 and a 200 day simple moving average of $19.58.

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.