Massachusetts Financial Services Co. MA Has $2.68 Million Position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Massachusetts Financial Services Co. MA increased its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 55.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,280 shares of the company's stock after buying an additional 47,562 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in KE were worth $2,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Affirmative Financial Network raised its position in KE by 4.2% in the 1st quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock valued at $299,000 after purchasing an additional 599 shares during the last quarter. PNC Financial Services Group Inc. raised its position in KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after purchasing an additional 762 shares during the last quarter. GAMMA Investing LLC bought a new position in KE in the 1st quarter valued at $34,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in KE by 1.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company's stock valued at $3,398,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in KE by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 296,970 shares of the company's stock valued at $5,966,000 after purchasing an additional 3,312 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Citigroup cut their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.16.

KE Stock Up 1.3%

BEKE stock traded up $0.26 during midday trading on Wednesday, reaching $19.59. The company's stock had a trading volume of 3,472,264 shares, compared to its average volume of 9,475,993. KE Holdings Inc. Sponsored ADR has a 52 week low of $12.92 and a 52 week high of $26.05. The stock has a market cap of $23.67 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 1.44 and a beta of -0.76. The business's 50-day simple moving average is $18.58 and its 200-day simple moving average is $19.36.

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.