KE Holdings Inc. Sponsored ADR $BEKE Stock Position Reduced by Alkeon Capital Management LLC

Key Points

• Alkeon Capital cut its stake in KE Holdings by 22.5% in Q3, selling 625,000 shares and leaving it with 2,147,723 shares (about 0.18% of the company) valued at $40.8 million.
• Other institutions showed bigger moves into the stock — Norges Bank initiated a roughly $124.6 million position, Artisan raised its holding to 7.53 million shares (~$133.5 million), and Invesco boosted its stake by 197.8% — bringing institutional ownership to about 39.34%.
• KE trades around $16.72 (1‑year range $15.26–$25.17) with a $19.5 billion market cap; analysts have a consensus of “Moderate Buy” and an average price target of $22.40, though Goldman Sachs recently cut its rating to neutral with a $19 target.

Alkeon Capital Management LLC decreased its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,147,723 shares of the company's stock after selling 625,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.18% of KE worth $40,807,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in KE during the second quarter valued at $124,616,000. Artisan Partners Limited Partnership increased its position in KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company's stock worth $133,522,000 after purchasing an additional 3,315,704 shares during the last quarter. Athos Capital Ltd acquired a new position in KE in the 3rd quarter worth about $47,500,000. Ghisallo Capital Management LLC purchased a new stake in shares of KE during the 3rd quarter worth about $47,500,000. Finally, Invesco Ltd. raised its stake in shares of KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company's stock worth $42,957,000 after purchasing an additional 1,608,207 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Up 1.6%

Shares of KE stock opened at $16.72 on Friday. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17. The company's fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.63. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.14 and a beta of -0.62.

Analysts Set New Price Targets

Several brokerages recently commented on BEKE. The Goldman Sachs Group cut KE from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of KE in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of KE from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Barclays set a $23.00 target price on shares of KE in a research report on Thursday, February 19th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.40.

KE Profile

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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