Capital World Investors decreased its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 47.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,402,210 shares of the company's stock after selling 1,270,355 shares during the quarter. Capital World Investors owned approximately 0.12% of KE worth $26,642,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of KE during the first quarter worth about $44,000. EverSource Wealth Advisors LLC raised its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock valued at $68,000 after acquiring an additional 2,257 shares in the last quarter. Franchise Capital Ltd purchased a new position in KE in the third quarter worth approximately $76,000. Parallel Advisors LLC lifted its stake in KE by 79.7% in the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company's stock worth $98,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in KE during the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 39.34% of the company's stock.
KE Stock Performance
Shares of NYSE:BEKE opened at $16.45 on Friday. KE Holdings Inc. Sponsored ADR has a one year low of $15.26 and a one year high of $25.17. The stock has a market capitalization of $19.23 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 2.18 and a beta of -0.62. The company has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $17.65.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of KE in a research note on Monday, December 22nd. Barclays set a $23.00 target price on KE in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded KE from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, KE has a consensus rating of "Moderate Buy" and an average price target of $22.40.
View Our Latest Report on BEKE
KE Profile
(
Free Report)
KE Holdings Inc NYSE: BEKE is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.
The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.
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