Robeco Institutional Asset Management B.V. Reduces Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Robeco Institutional Asset Management B.V. reduced its stock position in KE Holdings Inc. by 50.1% during the second quarter, now holding approximately 645,054 shares valued at about $11.4 million.
• Other institutional investors have increased their stakes in KE, with Assenagon Asset Management growing by 3,916.3% during the same period, owning 1,851,471 shares valued at around $32.8 million.
• Analyst ratings for KE show a consensus of Moderate Buy, with a current price target averaging $24.54, despite some analysts lowering their price objectives.

Robeco Institutional Asset Management B.V. cut its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 50.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 645,054 shares of the company's stock after selling 648,886 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of KE worth $11,443,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of KE by 7.1% in the second quarter. Signaturefd LLC now owns 8,935 shares of the company's stock worth $159,000 after acquiring an additional 590 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of KE by 3,916.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,851,471 shares of the company's stock valued at $32,845,000 after purchasing an additional 1,805,372 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of KE during the 2nd quarter valued at about $2,505,000. Voya Investment Management LLC increased its position in shares of KE by 4.3% during the 1st quarter. Voya Investment Management LLC now owns 48,249 shares of the company's stock valued at $969,000 after purchasing an additional 1,973 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of KE in the 1st quarter worth approximately $44,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on BEKE shares. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a "buy" rating in a research report on Tuesday, August 26th. Barclays reduced their price objective on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, August 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of KE in a research report on Saturday, September 27th. JPMorgan Chase & Co. cut their price target on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, KE currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.54.

KE Price Performance

KE stock opened at $18.71 on Monday. The firm's 50 day moving average price is $18.75 and its 200-day moving average price is $19.03. KE Holdings Inc. Sponsored ADR has a 1 year low of $16.05 and a 1 year high of $26.05. The stock has a market cap of $22.27 billion, a P/E ratio of 39.80, a PEG ratio of 2.27 and a beta of -0.67.

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.

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