Charles Schwab Investment Management Inc. Purchases 205,205 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in KE Holdings Inc. by 19.0% during Q1, owning approximately 1,282,576 shares valued at $25.77 million.
• Other institutional investors, including Mirae Asset Global Investments, significantly boosted their holdings in KE, with some increasing stakes by over 3,000%.
• KE stock has experienced price target adjustments from various analysts, with the consensus rating presently at "Buy" and an average target price of $24.97.

Charles Schwab Investment Management Inc. grew its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,282,576 shares of the company's stock after buying an additional 205,205 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.11% of KE worth $25,767,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC purchased a new position in KE in the first quarter worth about $34,000. Wealthquest Corp purchased a new position in KE in the first quarter worth about $79,000. State of Wyoming purchased a new position in KE in the fourth quarter worth about $100,000. Raiffeisen Bank International AG purchased a new position in shares of KE during the fourth quarter valued at approximately $151,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of KE during the first quarter valued at approximately $200,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Up 0.9%

NYSE BEKE traded up $0.1650 during trading hours on Friday, hitting $18.4950. 4,037,526 shares of the company's stock traded hands, compared to its average volume of 5,101,909. The business's fifty day moving average price is $18.41 and its two-hundred day moving average price is $19.58. The firm has a market capitalization of $22.02 billion, a P/E 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 52 week low of $13.28 and a 52 week high of $26.05.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several research reports. Barclays decreased their price objective on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Citigroup decreased their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $24.97.

About KE

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.