Hhlr Advisors LTD. Has $240.55 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Hhlr Advisors LTD. increased its ownership in KE Holdings Inc. by 6.3%, now holding nearly 12 million shares, which represents 7% of its portfolio.
• Several hedge funds, including Bank of New York Mellon Corp and Vanguard Group Inc., also raised their positions in KE Holdings during the first quarter.
• Wall Street analysts have varied ratings on KE, with a consensus target price of $24.54, highlighting both buy and hold ratings among prominent investment banks.

Hhlr Advisors LTD. lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,973,402 shares of the company's stock after purchasing an additional 712,126 shares during the quarter. KE comprises about 7.0% of Hhlr Advisors LTD.'s investment portfolio, making the stock its 5th biggest position. Hhlr Advisors LTD. owned about 0.99% of KE worth $240,546,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased 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 worth $508,916,000 after acquiring an additional 919,420 shares during the last quarter. Krane Funds Advisors LLC increased 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 worth $299,659,000 after acquiring an additional 1,707,067 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased 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 worth $160,769,000 after acquiring an additional 7,760,169 shares during the last quarter. Nuveen Asset Management LLC increased its stake in KE by 504.2% during the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after acquiring an additional 4,709,266 shares during the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its stake in KE by 777.5% during the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company's stock worth $95,866,000 after acquiring an additional 4,228,006 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Trading Up 2.3%

Shares of NYSE BEKE traded up $0.43 during trading hours on Friday, reaching $18.99. The stock had a trading volume of 6,292,348 shares, compared to its average volume of 5,623,827. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 2.25 and a beta of -0.76. The business's fifty day moving average price is $18.37 and its two-hundred day moving average price is $19.49. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.28 and a 52-week high of $26.05.

Analysts Set New Price Targets

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