JPMorgan Chase & Co. reduced its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,580,409 shares of the company's stock after selling 2,228,375 shares during the period. JPMorgan Chase & Co. owned about 1.12% of KE worth $272,830,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of KE by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company's stock worth $14,897,000 after buying an additional 87,659 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of KE by 14.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock worth $2,489,000 after purchasing an additional 15,802 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of KE in the 1st quarter worth $34,000. Vanguard Group Inc. lifted its holdings in shares of KE by 3.8% in the 1st 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 bought a new position in shares of KE in the 1st quarter worth $2,168,000. 39.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BEKE. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group raised 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 research report on Friday, May 16th. Barclays lowered their price target on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Finally, Citigroup lowered their price target on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.97.
View Our Latest Analysis on BEKE
KE Price Performance
Shares of KE stock traded down $0.06 during trading hours on Friday, hitting $18.33. 2,808,766 shares of the company's stock traded hands, compared to its average volume of 5,094,183. 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 market capitalization of $21.83 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.37 and a beta of -0.76. The company has a fifty day simple moving average of $18.48 and a 200-day simple moving average of $19.55.
About KE
(
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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