KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Siren L.L.C.

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. increased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 75.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,000 shares of the company's stock after buying an additional 45,000 shares during the period. Siren L.L.C.'s holdings in KE were worth $2,109,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BEKE. GAMMA Investing LLC purchased a new stake in KE during the 1st quarter worth approximately $34,000. Wealthquest Corp purchased a new stake in KE during the 1st quarter worth approximately $79,000. State of Wyoming purchased a new stake in KE during the 4th quarter worth approximately $100,000. Brooklyn Investment Group increased its stake in KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after buying an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in KE during the 4th quarter worth approximately $151,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Up 0.1%

Shares of KE stock opened at $19.93 on Thursday. The company has a fifty day simple moving average of $18.49 and a 200-day simple moving average of $19.47. 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 cap of $23.73 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 2.42 and a beta of -0.76.

Analysts Set New Price Targets

BEKE has been the topic of several recent research reports. Barclays cut their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. JPMorgan Chase & Co. lowered their price target 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. Wall Street Zen cut 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 price target on shares of KE and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $24.54.

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.

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