Kingstone Capital Partners Texas LLC Makes New Investment in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Kingstone Capital Partners Texas LLC has acquired a new stake in KE Holdings Inc. Sponsored ADR, purchasing 141,210 shares valued at approximately $2,505,000 in the second quarter.
• Several institutional investors, including Quantinno Capital Management LP and Myriad Asset Management US LP, have increased their stakes in KE Holdings, with hedge funds owning about 39.34% of the stock.
• Analysts have mixed views on KE, with price targets ranging from $22.00 to $25.00, showing a consensus rating of "Buy," despite some downgrades.

Kingstone Capital Partners Texas LLC bought a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 141,210 shares of the company's stock, valued at approximately $2,505,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KE by 299.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock worth $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. Siren L.L.C. grew its holdings in KE by 75.0% during the first quarter. Siren L.L.C. now owns 105,000 shares of the company's stock valued at $2,109,000 after purchasing an additional 45,000 shares during the last quarter. Bank of New York Mellon Corp raised its stake in KE by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company's stock valued at $14,897,000 after purchasing an additional 87,659 shares during the last quarter. Axiom Investors LLC DE acquired a new stake in shares of KE during the 1st quarter worth approximately $25,547,000. Finally, Asset Management One Co. Ltd. raised its position in KE by 14.6% in the first quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company's stock worth $2,489,000 after purchasing an additional 15,802 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Down 1.8%

Shares of BEKE traded down $0.36 during trading hours on Monday, hitting $19.39. The company had a trading volume of 3,562,456 shares, compared to its average volume of 6,454,099. KE Holdings Inc. Sponsored ADR has a 12 month low of $14.55 and a 12 month high of $26.05. The business has a fifty day moving average of $18.74 and a 200-day moving average of $19.27. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 41.25, a PEG ratio of 2.40 and a beta of -0.76.

Wall Street Analysts Forecast Growth

BEKE has been the subject of a number of recent analyst reports. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. cut their target price on shares of KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Barclays dropped their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a research report on Tuesday, August 26th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $24.54.

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.