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

Matthews International Capital Management LLC lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,666 shares of the company's stock after acquiring an additional 81,020 shares during the quarter. KE makes up approximately 4.3% of Matthews International Capital Management LLC's 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.

Several other institutional investors have also recently made changes to their positions in BEKE. Savant Capital LLC grew its stake in shares of KE by 26.9% in the 4th quarter. Savant Capital LLC now owns 13,153 shares of the company's stock worth $242,000 after acquiring an additional 2,789 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of KE by 32.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 77,676 shares of the company's stock worth $1,387,000 after acquiring an additional 18,918 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of KE by 15.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 108,084 shares of the company's stock worth $1,998,000 after buying an additional 14,642 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of KE by 10.8% in the 4th quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock worth $1,757,000 after buying an additional 9,330 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after buying an additional 1,664 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BEKE. Morgan Stanley boosted their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Wall Street Zen raised shares of KE from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Citigroup cut their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KE currently has a consensus rating of "Buy" and an average price target of $27.16.

KE Stock Performance

NYSE BEKE traded down $0.13 during trading on Friday, hitting $18.00. 11,114,276 shares of the company's stock traded hands, compared to its average volume of 9,632,511. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.24 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05. The business has a 50 day moving average of $19.35 and a 200-day moving average of $19.43.

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.