Triata Capital Ltd Grows Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Triata Capital Ltd increased its stake in KE Holdings Inc. by 9.2%, acquiring an additional 149,861 shares, bringing its total holdings to approximately $35.9 million.
• Institutional investors currently own 39.34% of KE Holdings' stock, with significant increases from firms like Bank of New York Mellon Corp and Vanguard Group Inc.
• Recent analyst ratings show a mix of sentiment, with Barclays lowering its price target to $25.00, while UBS raised theirs to $23.00, reflecting ongoing volatility and differing outlooks for the company.

Triata Capital Ltd boosted its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,787,118 shares of the company's stock after buying an additional 149,861 shares during the period. KE makes up about 8.1% of Triata Capital Ltd's investment portfolio, making the stock its 4th biggest position. Triata Capital Ltd owned approximately 0.15% of KE worth $35,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Qtron Investments LLC lifted its stake in shares of KE by 38.3% in the 1st quarter. Qtron Investments LLC now owns 15,302 shares of the company's stock valued at $307,000 after purchasing an additional 4,239 shares during the period. Northern Trust Corp grew its stake in shares of KE by 11.7% during the first quarter. Northern Trust Corp now owns 4,131,654 shares of the company's stock worth $83,005,000 after purchasing an additional 431,977 shares during the period. Brooklyn Investment Group increased its holdings in KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after purchasing an additional 5,606 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in KE in the first quarter valued at about $24,128,000. Finally, National Pension Service boosted its holdings in KE by 5.5% during the first quarter. National Pension Service now owns 186,396 shares of the company's stock worth $3,745,000 after buying an additional 9,772 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BEKE shares. Barclays lowered their target price on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and boosted their target price for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Citigroup lowered their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research 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 a consensus target price of $24.97.

KE Stock Performance

NYSE:BEKE traded down $0.0450 during mid-day trading on Thursday, reaching $18.3250. 5,930,735 shares of the company's stock were exchanged, compared to its average volume of 8,580,856. KE Holdings Inc. Sponsored ADR has a one year low of $13.28 and a one year high of $26.05. The firm has a market capitalization of $21.82 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.63 and a beta of -0.76. The business's fifty day simple moving average is $18.42 and its two-hundred day simple moving average is $19.54.

KE Company 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.