OLD Mission Capital LLC Purchases New Shares in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• OLD Mission Capital LLC invested approximately $4.41 million in KE Holdings Inc. during the first quarter, acquiring 219,407 shares.
• Several other institutional investors, including Bank of New York Mellon and Vanguard Group, have also increased their stakes in KE Holdings, highlighting growing interest in the company.
• Various brokerages have revised their target prices for KE stock, with current average target price set at $24.54 and a consensus rating of "Buy."

OLD Mission Capital LLC acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 219,407 shares of the company's stock, valued at approximately $4,408,000.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in KE in the first quarter valued at $34,000. Wealthquest Corp bought a new stake in KE in the first quarter valued at $79,000. State of Wyoming bought a new stake in KE in the fourth quarter valued at $100,000. Brooklyn Investment Group lifted its stake in KE by 3,813.6% in the first 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 during the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in KE in the fourth quarter valued at $151,000. 39.34% of the stock is currently owned by institutional investors.

KE Trading Up 0.8%

NYSE:BEKE traded up $0.14 during mid-day trading on Thursday, reaching $18.60. 1,742,154 shares of the stock were exchanged, compared to its average volume of 8,484,702. The business has a fifty day moving average price of $18.36 and a 200 day moving average price of $19.50. The firm has a market capitalization of $22.15 billion, a PE ratio of 39.59, a PEG ratio of 1.62 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1-year low of $13.28 and a 1-year high of $26.05.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BEKE. Citigroup cut their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group raised KE from a "neutral" rating to a "buy" rating and raised 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 KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $24.54.

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.