KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Stake Lowered by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. decreased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 24.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 281,841 shares of the company's stock after selling 91,005 shares during the period. KE makes up approximately 5.1% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 5th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in KE were worth $5,662,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. First Affirmative Financial Network raised its position in KE by 4.2% during the 1st quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock worth $299,000 after buying an additional 599 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after purchasing an additional 703 shares during the last quarter. PNC Financial Services Group Inc. grew its position in KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after purchasing an additional 762 shares during the period. Rakuten Securities Inc. grew its position in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after purchasing an additional 1,416 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in KE during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

Shares of KE stock traded up $0.10 on Friday, reaching $18.54. 3,209,849 shares of the company were exchanged, compared to its average volume of 9,632,163. The stock's 50 day moving average price is $19.27 and its 200-day moving average price is $19.40. The company has a market cap of $22.40 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 1.25 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1-year low of $12.92 and a 1-year high of $26.05.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup dropped their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. Morgan Stanley increased their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, UBS Group upgraded KE from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.16.

About KE

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.