Schroder Investment Management Group Decreases Position in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Schroder Investment Management trimmed its stake in KE Holdings (NYSE:BEKE) by 12% in Q3, selling 779,782 shares and ending the period with 5,707,334 shares worth about $108.4 million (≈0.48% of the company).
• Other institutions moved aggressively—Norges Bank opened a ~ $124.6 million position, Artisan and Invesco substantially increased holdings, and Mitsubishi UFJ boosted its stake ~898%, leaving institutional ownership at 39.34%.
• BEKE trades around $16.63 (1‑year range $15.26–$25.17) with a $19.4B market cap, and analysts hold a consensus rating of “Moderate Buy” with a $22.40 target despite recent downgrades from Goldman Sachs and Wall Street Zen.

Schroder Investment Management Group trimmed its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,707,334 shares of the company's stock after selling 779,782 shares during the period. Schroder Investment Management Group owned about 0.48% of KE worth $108,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in KE in the second quarter worth about $124,616,000. Artisan Partners Limited Partnership boosted its holdings in shares of KE by 78.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company's stock valued at $133,522,000 after purchasing an additional 3,315,704 shares during the period. Athos Capital Ltd purchased a new position in shares of KE during the third quarter valued at $47,500,000. Invesco Ltd. lifted its stake in KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company's stock worth $42,957,000 after acquiring an additional 1,608,207 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in KE by 897.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,740,683 shares of the company's stock worth $33,073,000 after acquiring an additional 1,566,253 shares during the period. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

BEKE stock opened at $16.63 on Tuesday. KE Holdings Inc. Sponsored ADR has a one year low of $15.26 and a one year high of $25.17. The firm's fifty day moving average is $17.46 and its 200 day moving average is $17.67. The firm has a market cap of $19.43 billion, a PE ratio of 39.59, a P/E/G ratio of 2.13 and a beta of -0.62.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Monday, February 2nd. Barclays set a $23.00 target price on KE in a research report on Thursday, February 19th. Weiss Ratings reissued a "hold (c+)" rating on shares of KE in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of KE from a "hold" rating to a "sell" rating in a research report on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.40.

KE Company Profile

KE Holdings Inc NYSE: BEKE is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.

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