Quantitative Investment Management LLC Takes $327,000 Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Quantitative Investment Management LLC purchased 16,312 shares of KE Holdings Inc. for around $327,000, marking a new investment in the company during the first quarter.
• Several other institutional investors have also increased their stakes in KE Holdings, with a noted ownership level of 39.34% among institutional investors.
• Analysts have mixed views on KE, with UBS upgrading the stock to a "buy" rating while others like Citigroup and JPMorgan have lowered their price targets, reflecting differing market sentiments.

Quantitative Investment Management LLC purchased a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,312 shares of the company's stock, valued at approximately $327,000.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC bought a new position in KE during the first quarter worth $34,000. Wealthquest Corp acquired a new stake in KE in the first quarter worth $79,000. State of Wyoming acquired a new stake in KE in the fourth quarter worth $100,000. Brooklyn Investment Group grew its holdings in KE by 3,813.6% in the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after purchasing an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in KE in the fourth quarter worth $151,000. Institutional investors own 39.34% of the company's stock.

KE Trading Up 0.4%

Shares of BEKE traded up $0.07 during trading hours on Friday, reaching $17.58. 6,226,279 shares of the stock traded hands, compared to its average volume of 6,156,846. The stock has a fifty day simple moving average of $18.36 and a 200 day simple moving average of $19.54. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.28 and a 52 week high of $26.05. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 1.62 and a beta of -0.76.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Barclays reduced their price objective on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a "buy" rating in a report on Tuesday, August 26th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $24.54.

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.