Invesco Ltd. increased its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 813,245 shares of the company's stock after buying an additional 261,309 shares during the quarter. Invesco Ltd. owned 0.07% of KE worth $16,338,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. First Affirmative Financial Network raised its position in shares of KE by 4.2% during the first quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock valued at $299,000 after buying an additional 599 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of KE during the first quarter valued at about $34,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of KE by 1.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company's stock valued at $3,398,000 after purchasing an additional 1,774 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of KE by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 296,970 shares of the company's stock valued at $5,966,000 after purchasing an additional 3,312 shares during the last quarter. Finally, Wealthquest Corp acquired a new position in KE in the 1st quarter worth approximately $79,000. Hedge funds and other institutional investors own 39.34% of the company's stock.
KE Stock Performance
Shares of NYSE:BEKE traded down $0.30 during midday trading on Thursday, reaching $17.49. The company had a trading volume of 5,278,712 shares, compared to its average volume of 6,121,079. The company has a fifty day simple moving average of $18.37 and a two-hundred day simple moving average of $19.57. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 1.61 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1-year low of $13.28 and a 1-year high of $26.05.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $22.00 price target on shares of KE and gave the company a "buy" rating in a research note on Tuesday. Barclays lowered their price objective on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. UBS Group raised KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup decreased their target price 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. Finally, Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $24.54.
Check Out Our Latest Research Report on BEKE
KE Company Profile
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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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