Aberdeen Group plc Has $9.01 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Aberdeen Group plc reduced its holdings in KE Holdings Inc. by 27.6%, selling 170,993 shares, bringing its total ownership to 448,366 shares valued at $9 million.
• Various institutional investors, including GAMMA Investing LLC and Wealthquest Corp, are acquiring new stakes in KE Holdings, indicating increased institutional interest in the company.
• Analysts have mixed views on KE Holdings, with recent downgrades in target prices from firms like Citigroup and JPMorgan, though the stock retains a consensus rating of "Buy" and an average target price of $24.97.

Aberdeen Group plc cut its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 27.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 448,366 shares of the company's stock after selling 170,993 shares during the quarter. Aberdeen Group plc's holdings in KE were worth $9,008,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in KE by 3.8% during the first quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company's stock valued at $508,916,000 after buying an additional 919,420 shares in the last quarter. Krane Funds Advisors LLC lifted its stake in KE by 12.9% during the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock valued at $299,659,000 after buying an additional 1,707,067 shares in the last quarter. Hhlr Advisors LTD. lifted its stake in KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after buying an additional 392,588 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in KE by 3,203.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock valued at $160,769,000 after buying an additional 7,760,169 shares in the last quarter. Finally, Aspex Management HK Ltd purchased a new stake in KE during the fourth quarter valued at about $119,996,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

KE Stock Up 0.9%

Shares of BEKE traded up $0.1650 during trading hours on Friday, reaching $18.4950. The company's stock had a trading volume of 4,037,526 shares, compared to its average volume of 5,101,909. The firm has a market cap of $22.02 billion, a price-to-earnings 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 1-year low of $13.28 and a 1-year high of $26.05. The company has a 50 day moving average of $18.41 and a two-hundred day moving average of $19.58.

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.