Mirae Asset Global Investments Co. Ltd. Buys 7,760,169 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 3,203.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,002,448 shares of the company's stock after buying an additional 7,760,169 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.66% of KE worth $160,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its stake in KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares in the last quarter. Norges Bank purchased a new position in shares of KE during the fourth quarter valued at approximately $130,167,000. Aspex Management HK Ltd bought a new stake in KE during the fourth quarter worth $119,996,000. H Capital V GP L.P. bought a new position in KE during the 4th quarter valued at $91,147,000. Finally, Nuveen Asset Management LLC boosted its holdings in KE by 504.2% during the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after acquiring an additional 4,709,266 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

KE Stock Up 0.2%

BEKE traded up $0.03 during trading on Tuesday, reaching $17.77. 9,313,249 shares of the company were exchanged, compared to its average volume of 9,621,765. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 1.26 and a beta of -0.76. The company's 50-day moving average is $19.22 and its two-hundred day moving average is $19.36.

Analysts Set New Price Targets

BEKE has been the topic of several research analyst reports. UBS Group raised KE from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Citigroup decreased 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. Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.16.

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.