Siren L.L.C. Boosts Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Siren L.L.C. increased its holdings in KE Holdings Inc. by 75.0% during the 1st quarter, owning 105,000 shares valued at approximately $2.1 million.
• Several major investors such as GAMMA Investing LLC and Wealthquest Corp. also made significant new purchases of KE stock in the first quarter.
• Analysts have recently revised price targets for KE Holdings, with Barclays and JPMorgan cutting their targets while maintaining "overweight" ratings for the stock.

Siren L.L.C. lifted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 75.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 105,000 shares of the company's stock after acquiring an additional 45,000 shares during the quarter. Siren L.L.C.'s holdings in KE were worth $2,109,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. 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 acquiring an additional 919,420 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of KE by 12.9% in the 1st quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock worth $299,659,000 after acquiring an additional 1,707,067 shares during the last quarter. Hhlr Advisors LTD. lifted its holdings in shares of KE by 6.3% in the 1st quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company's stock worth $240,546,000 after acquiring an additional 712,126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock worth $147,135,000 after buying an additional 5,490,172 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

Shares of NYSE:BEKE traded up $0.18 during trading hours on Tuesday, reaching $19.87. The stock had a trading volume of 1,970,423 shares, compared to its average volume of 8,358,210. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.41 and a 1 year high of $26.05. The firm's 50 day moving average is $18.62 and its 200-day moving average is $19.40. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 2.44 and a beta of -0.76.

Wall Street Analysts Forecast Growth

BEKE has been the topic of a number of research reports. Barclays reduced their target price 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. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. reduced their target price 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. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, KE has a consensus rating of "Buy" and a consensus target price of $24.54.

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.