Public Sector Pension Investment Board Has $5.29 Million Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• The Public Sector Pension Investment Board increased its stake in KE Holdings Inc. by 29.2% during the first quarter, owning 263,126 shares valued at approximately $5.29 million.
• Institutional investors own 39.34% of KE Holdings' stock, with several hedge funds establishing new positions during the recent quarters.
• Analysts have mixed views on BEKE, with target prices varying; JPMorgan Chase lowered its target from $24.00 to $22.00 while UBS upgraded it from $22.10 to $23.00.

Public Sector Pension Investment Board raised its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 29.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,126 shares of the company's stock after buying an additional 59,400 shares during the quarter. Public Sector Pension Investment Board's holdings in KE were worth $5,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of KE during the 1st quarter worth about $34,000. Wealthquest Corp acquired a new position in shares of KE during the 1st quarter worth about $79,000. State of Wyoming acquired a new position in shares of KE during the 4th quarter worth about $100,000. Raiffeisen Bank International AG acquired a new position in shares of KE during the 4th quarter worth about $151,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of KE during the 1st quarter worth about $200,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

NYSE BEKE traded up $0.2840 on Friday, reaching $18.6140. The stock had a trading volume of 1,012,205 shares, compared to its average volume of 8,532,852. The firm has a fifty day moving average of $18.41 and a two-hundred day moving average of $19.55. KE Holdings Inc. Sponsored ADR has a 1-year low of $13.28 and a 1-year high of $26.05. The company has a market cap of $22.16 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 1.67 and a beta of -0.76.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BEKE shares. Citigroup decreased their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. decreased their price objective on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Barclays decreased their price objective on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $24.97.

About KE

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.