KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Shares Purchased by XY Capital Ltd

Key Points

• XY Capital Ltd increased its holdings in KE Holdings Inc. by 702.9% in the first quarter, making it the largest holding in their portfolio at 6.7%.
• UBS Group upgraded KE from a "neutral" to a "buy" rating, raising the target price from $22.10 to $23.00, indicating positive analyst sentiment towards the stock.
• KE Holdings Inc. has a market cap of $20.95 billion and a 52-week range of $13.28 to $26.05, reflecting significant price volatility.

XY Capital Ltd boosted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 702.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,158,227 shares of the company's stock after buying an additional 1,013,966 shares during the quarter. KE accounts for approximately 6.7% of XY Capital Ltd's investment portfolio, making the stock its largest position. XY Capital Ltd owned 0.10% of KE worth $23,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in KE in the first quarter worth about $34,000. Wealthquest Corp bought a new stake in shares of KE during the first quarter valued at approximately $79,000. State of Wyoming bought a new stake in shares of KE during the fourth quarter valued at approximately $100,000. Raiffeisen Bank International AG bought a new stake in shares of KE during the fourth quarter valued at approximately $151,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of KE during the first quarter valued at approximately $200,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BEKE has been the subject of several research analyst reports. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Citigroup decreased their price target on shares of 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 shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.16.

KE Price Performance

NYSE BEKE traded down $0.03 on Friday, hitting $17.57. The stock had a trading volume of 5,724,345 shares, compared to its average volume of 5,223,705. The business's fifty day moving average price is $18.52 and its 200 day moving average price is $19.51. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.28 and a 52-week high of $26.05. The stock has a market cap of $20.92 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 1.31 and a beta of -0.76.

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.