SG Americas Securities LLC Has $2.98 Million Holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

SG Americas Securities LLC lowered its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 28.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,245 shares of the company's stock after selling 59,958 shares during the quarter. SG Americas Securities LLC's holdings in KE were worth $2,978,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BEKE. First Affirmative Financial Network raised its holdings in KE by 4.2% during the 1st quarter. First Affirmative Financial Network now owns 14,887 shares of the company's stock worth $299,000 after purchasing an additional 599 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after buying an additional 703 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after buying an additional 762 shares during the period. Rakuten Securities Inc. boosted its stake in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in KE during the 4th quarter worth $30,000. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BEKE shares. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and raised their target price for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Morgan Stanley boosted their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Wall Street Zen raised shares of KE from a "hold" rating to a "buy" rating in a research report on Saturday. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Citigroup dropped their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, KE has an average rating of "Buy" and a consensus price target of $27.16.

KE Price Performance

NYSE:BEKE traded down $0.85 during trading hours on Wednesday, hitting $18.08. The company's stock had a trading volume of 5,456,174 shares, compared to its average volume of 9,565,328. The company has a market capitalization of $21.84 billion, a P/E ratio of 34.09, a PEG ratio of 1.31 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $12.92 and a twelve month high of $26.05. The stock has a fifty day simple moving average of $19.36 and a 200-day simple moving average of $19.45.

KE 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.