Lord Abbett & CO. LLC acquired a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,201,015 shares of the company's stock, valued at approximately $24,128,000. Lord Abbett & CO. LLC owned about 0.10% of KE at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in KE by 3,203.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock valued at $160,769,000 after acquiring an additional 7,760,169 shares during the period. Aspex Management HK Ltd bought a new stake in KE in the 4th quarter valued at about $119,996,000. Nuveen Asset Management LLC raised its stake in KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock valued at $103,949,000 after acquiring an additional 4,709,266 shares during the period. Nuveen LLC bought a new stake in KE in the 1st quarter valued at about $81,473,000. Finally, National Bank of Canada FI bought a new stake in KE in the 1st quarter valued at about $54,759,000. 39.34% of the stock is currently owned by institutional investors.
KE Stock Up 0.5%
BEKE traded up $0.0850 on Thursday, hitting $18.4550. 2,207,258 shares of the company traded hands, compared to its average volume of 8,556,055. KE Holdings Inc. Sponsored ADR has a 12-month low of $13.28 and a 12-month high of $26.05. The stock has a market capitalization of $21.97 billion, a PE ratio of 34.88, a PEG ratio of 1.63 and a beta of -0.76. The company has a 50 day moving average of $18.42 and a 200-day moving average of $19.54.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Barclays cut their target price on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Citigroup cut their target price on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday, May 16th. Finally, UBS Group raised KE from a "neutral" rating to a "buy" rating and upped their target price for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, KE has a consensus rating of "Buy" and an average target price of $24.97.
Read Our Latest Report on KE
KE Profile
(
Free Report)
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.
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