OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 290.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,557 shares of the company's stock after acquiring an additional 173,042 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in KE were worth $4,672,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in KE in the 1st quarter valued at about $290,000. Infini Capital Management Ltd acquired a new stake in KE in the 1st quarter valued at about $3,520,000. Bank of New York Mellon Corp grew its stake in KE by 13.4% in the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company's stock valued at $14,897,000 after acquiring an additional 87,659 shares during the last quarter. IFM Investors Pty Ltd grew its stake in KE by 37.9% in the 1st quarter. IFM Investors Pty Ltd now owns 38,797 shares of the company's stock valued at $772,000 after acquiring an additional 10,658 shares during the last quarter. Finally, Krane Funds Advisors LLC grew its stake in KE by 12.9% in the 1st quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock valued at $299,659,000 after acquiring an additional 1,707,067 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BEKE has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their target price for the company from $22.10 to $23.00 in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.16.
Get Our Latest Analysis on BEKE
KE Stock Down 0.1%
Shares of BEKE stock traded down $0.02 during trading hours on Friday, hitting $18.85. 2,528,192 shares of the company were exchanged, compared to its average volume of 9,496,007. The firm has a market cap of $22.77 billion, a PE ratio of 35.52, a PEG ratio of 1.27 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1 year low of $12.92 and a 1 year high of $26.05. The firm has a fifty day moving average of $18.62 and a 200 day moving average of $19.33.
About KE
(
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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