KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD decreased its holdings in KE Holdings Inc. by 9.4%, now owning 36,677,581 shares worth approximately $736.86 million.
• Institutional investors collectively own 39.34% of KE Holdings Inc., with several large investors recently adjusting their stakes.
• Analysts have mixed views on KE stock, with price targets ranging from $22.00 to $25.00, and a consensus rating of "Buy."

Price T Rowe Associates Inc. MD cut its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,677,581 shares of the company's stock after selling 3,801,602 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 3.04% of KE worth $736,855,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BEKE. GAMMA Investing LLC acquired a new position in shares of KE during the first quarter valued at about $34,000. Wealthquest Corp acquired a new position in shares of KE during the first quarter valued at about $79,000. State of Wyoming acquired a new position in KE in the 4th quarter worth approximately $100,000. Brooklyn Investment Group increased its holdings in KE by 3,813.6% in the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after buying an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in KE in the 4th quarter worth approximately $151,000. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays dropped their price objective on shares of KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Citigroup dropped their price objective on shares of 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. dropped their price objective on shares of KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the stock a "buy" rating in a research note on Tuesday. Finally, UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $24.54.

KE Trading Down 1.4%

BEKE traded down $0.25 on Thursday, hitting $17.55. The company had a trading volume of 1,872,158 shares, compared to its average volume of 8,544,028. The firm has a market cap of $20.89 billion, a P/E ratio of 37.37, a PEG ratio of 1.69 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. The company's fifty day moving average price is $18.38 and its 200 day moving average price is $19.58.

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.