Lansforsakringar Fondforvaltning AB publ Sells 22,025 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Lansforsakringar Fondforvaltning AB sold **22,025 shares** of KE Holdings Inc., reducing its stake by **13.9%**, leaving it with **136,853 shares** valued at approximately **$2.7 million**.
• Institutional investors have increased their ownership of KE Holdings, with several firms, including Mirae Asset Global Investments and Nuveen Asset Management, boosting their stakes significantly, highlighting growing interest in the company.
• Analysts have set varied price targets for KE, with JPMorgan and Barclays lowering their targets to **$22.00** and **$25.00** respectively, while maintaining an overall consensus rating of **"Buy"** with an average target of **$24.54**.

Lansforsakringar Fondforvaltning AB publ cut its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,853 shares of the company's stock after selling 22,025 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in KE were worth $2,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in KE in the 1st quarter worth approximately $34,000. Wealthquest Corp purchased a new stake in shares of KE during the 1st quarter valued at $79,000. State of Wyoming purchased a new stake in shares of KE during the 4th quarter valued at $100,000. Brooklyn Investment Group raised its position 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 buying an additional 5,606 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of KE during the 4th quarter valued at $151,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BEKE. JPMorgan Chase & Co. lowered their price objective 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. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a "buy" rating in a research report on Tuesday, August 26th. Barclays lowered their price objective on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, August 15th. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their price objective for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $24.54.

KE Stock Performance

NYSE:BEKE traded up $0.43 during trading hours on Friday, reaching $18.99. The company's stock had a trading volume of 6,292,348 shares, compared to its average volume of 5,623,827. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.30 and a beta of -0.76. The firm has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $19.48. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.28 and a 1 year high of $26.05.

KE 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.