BNP Paribas Financial Markets Sells 172,157 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• BNP Paribas Financial Markets reduced its holdings in KE Holdings Inc. by 7.1%, owning approximately 2.26 million shares valued at about $45.33 million.
• Various institutional investors, including GAMMA Investing LLC and Brooklyn Investment Group, have recently made new or expanded investments in KE Holdings.
• Analysts' price targets for KE stock vary, with a consensus price objective at $24.54 and ratings ranging from "buy" to "hold" from several brokerages.

BNP Paribas Financial Markets cut its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,256,556 shares of the company's stock after selling 172,157 shares during the quarter. BNP Paribas Financial Markets owned 0.19% of KE worth $45,334,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of KE during the first quarter worth approximately $34,000. Wealthquest Corp bought a new position in shares of KE during the first quarter worth approximately $79,000. State of Wyoming acquired a new position in KE in the fourth quarter valued at about $100,000. Brooklyn Investment Group raised its stake 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 in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in KE in the fourth quarter valued at about $151,000. 39.34% of the stock is owned by institutional investors.

KE Trading Up 2.3%

KE stock traded up $0.43 during mid-day trading on Friday, reaching $18.99. The company had a trading volume of 3,193,006 shares, compared to its average volume of 8,465,091. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $13.28 and a fifty-two week high of $26.05. The company has a market cap of $22.62 billion, a P/E ratio of 40.41, a P/E/G ratio of 2.24 and a beta of -0.76. The business has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $19.49.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of analyst reports. Jefferies Financial Group set a $22.00 price target on KE and gave the company a "buy" rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price target on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Barclays dropped their price target on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Citigroup dropped their price target on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus 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.