KBC Group NV Buys 239,250 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

KBC Group NV increased its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 94.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 491,725 shares of the company's stock after purchasing an additional 239,250 shares during the quarter. KBC Group NV's holdings in KE were worth $9,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of KE by 9.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,588,186 shares of the company's stock worth $31,907,000 after buying an additional 135,733 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of KE by 3,203.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock worth $160,769,000 after buying an additional 7,760,169 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of KE by 1.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,293,940 shares of the company's stock worth $25,995,000 after buying an additional 19,057 shares during the period. Wealthquest Corp acquired a new position in shares of KE during the 1st quarter worth about $79,000. Finally, Asset Management One Co. Ltd. grew its position in shares of KE by 14.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock worth $2,489,000 after buying an additional 15,802 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BEKE. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Citigroup decreased their target price on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. Morgan Stanley boosted their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.16.

KE Stock Up 0.1%

Shares of BEKE traded up $0.03 on Friday, hitting $17.68. The company's stock had a trading volume of 2,811,949 shares, compared to its average volume of 9,612,462. The firm's fifty day moving average price is $18.94 and its 200-day moving average price is $19.33. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $12.92 and a fifty-two week high of $26.05. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.20 and a beta of -0.76.

KE 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.