Skandinaviska Enskilda Banken AB publ Grows Stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Key Points

• Skandinaviska Enskilda Banken AB increased its holdings in KE Holdings by 22.9% in the first quarter, now owning 139,300 shares valued at approximately $2.8 million.
• KE Holdings' stock saw a 2.4% decline on Tuesday, trading at $18.93, with a market cap of $22.88 billion and a P/E ratio of 35.73.
• Analysts have mixed ratings for KE, with one downgrade to a "hold" and others maintaining "buy" ratings, setting an average price target of $27.16.

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 22.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,300 shares of the company's stock after purchasing an additional 26,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in KE were worth $2,799,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BEKE. Norges Bank purchased a new position in shares of KE during the 4th quarter worth $130,167,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of KE by 267.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 282,786 shares of the company's stock worth $5,209,000 after purchasing an additional 205,886 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of KE by 12.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,357,958 shares of the company's stock worth $25,014,000 after purchasing an additional 153,581 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of KE by 107.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 61,221 shares of the company's stock worth $1,128,000 after purchasing an additional 31,734 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of KE by 100.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 60,000 shares of the company's stock worth $1,105,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Trading Down 1.2%

NYSE:BEKE traded down $0.23 during mid-day trading on Friday, hitting $18.20. The company had a trading volume of 2,614,803 shares, compared to its average volume of 8,868,115. The business has a fifty day simple moving average of $18.61 and a 200-day simple moving average of $19.46. KE Holdings Inc. Sponsored ADR has a 1 year low of $12.92 and a 1 year high of $26.05. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.39 and a beta of -0.76.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup cut their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock 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. Finally, UBS Group raised KE from a "neutral" rating to a "buy" rating and increased their target price for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, KE presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.16.

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.