Korea Investment CORP Boosts Stake in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Korea Investment CORP increased its stake in KE Holdings Inc. by 16.6%, acquiring an additional 92,500 shares to total 649,396 shares valued at approximately $13.05 million.
• As of now, 39.34% of KE Holdings' stock is owned by hedge funds and institutional investors, indicating a strong interest in the company from large investors.
• Recent analyst ratings show mixed opinions, with Wall Street Zen downgrading KE to a "hold" and UBS Group upgrading it to a "buy", reflecting varying confidence in the stock's future performance.

Korea Investment CORP lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 16.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 649,396 shares of the company's stock after buying an additional 92,500 shares during the quarter. Korea Investment CORP owned approximately 0.05% of KE worth $13,046,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BEKE. GAMMA Investing LLC purchased a new position in shares of KE during the 1st quarter valued at $34,000. Wealthquest Corp bought a new position in shares of KE during the 1st quarter valued at about $79,000. State of Wyoming bought a new position in shares of KE during the 4th quarter valued at about $100,000. Brooklyn Investment Group boosted its holdings in shares of KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after purchasing an additional 5,606 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of KE during the 4th quarter valued at about $151,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Up 0.9%

KE stock traded up $0.1650 during midday trading on Friday, reaching $18.4950. The stock had a trading volume of 4,037,526 shares, compared to its average volume of 5,160,832. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.28 and a 52-week high of $26.05. The firm has a market cap of $22.02 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 1.68 and a beta of -0.76. The company has a fifty day moving average of $18.41 and a 200 day moving average of $19.59.

Analyst Upgrades and Downgrades

Several research firms have commented on BEKE. Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price objective on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Citigroup dropped their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Finally, Barclays lowered their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $24.97.

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.