Matthews International Capital Management LLC Raises Position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Matthews International Capital Management LLC raised its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,035,666 shares of the company's stock after acquiring an additional 81,020 shares during the period. KE makes up approximately 4.3% of Matthews International Capital Management LLC's investment portfolio, making the stock its 7th largest position. Matthews International Capital Management LLC owned about 0.09% of KE worth $20,807,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BEKE. Savant Capital LLC boosted its holdings in shares of KE by 26.9% during the fourth quarter. Savant Capital LLC now owns 13,153 shares of the company's stock worth $242,000 after acquiring an additional 2,789 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of KE by 32.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 77,676 shares of the company's stock worth $1,387,000 after purchasing an additional 18,918 shares during the period. Asset Management One Co. Ltd. raised its position in shares of KE by 15.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 108,084 shares of the company's stock valued at $1,998,000 after buying an additional 14,642 shares in the last quarter. Rhumbline Advisers raised its position in shares of KE by 10.8% in the fourth quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock valued at $1,757,000 after buying an additional 9,330 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares during the period. Institutional investors own 39.34% of the company's stock.

KE Stock Down 0.7%

Shares of BEKE traded down $0.13 during midday trading on Friday, hitting $18.00. The company's stock had a trading volume of 11,114,276 shares, compared to its average volume of 9,650,526. KE Holdings Inc. Sponsored ADR has a one year low of $12.92 and a one year high of $26.05. The company's fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $19.43. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 1.23 and a beta of -0.76.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BEKE. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a research note on Sunday. Citigroup decreased their price target 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 upped their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.