OVERSEA CHINESE BANKING Corp Ltd raised its stake 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 13F filing with the SEC. 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 SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in KE in the 1st quarter valued at $34,000. Wealthquest Corp purchased a new stake in KE in the 1st quarter valued at about $79,000. State of Wyoming purchased a new stake in KE in the 4th quarter valued at about $100,000. Raiffeisen Bank International AG purchased a new stake in KE in the 4th quarter valued at about $151,000. Finally, PNC Financial Services Group Inc. boosted 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 buying an additional 762 shares during the period. 39.34% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on BEKE shares. Jefferies Financial Group restated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Citigroup reduced their price target 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. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.16.
Read Our Latest Analysis on BEKE
KE Trading Down 1.6%
Shares of BEKE stock traded down $0.30 during trading hours on Wednesday, hitting $18.69. The company's stock had a trading volume of 3,888,347 shares, compared to its average volume of 9,533,651. The company has a 50 day moving average of $18.63 and a 200 day moving average of $19.33. The stock has a market cap of $22.58 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.29 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05.
KE Company 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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