Sumitomo Mitsui Trust Group Inc. raised its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,588,186 shares of the company's stock after acquiring an additional 135,733 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.13% of KE worth $31,907,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in KE in the fourth quarter worth about $30,000. GAMMA Investing LLC purchased a new position in shares of KE in the 1st quarter valued at approximately $34,000. Wealthquest Corp acquired a new stake in KE in the 1st quarter worth approximately $79,000. Rakuten Securities Inc. boosted its stake in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after purchasing an additional 1,416 shares in the last quarter. Finally, State of Wyoming purchased a new stake in KE during the 4th quarter worth approximately $100,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BEKE has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. UBS Group raised KE from a "neutral" rating to a "buy" rating and upped their target price for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Citigroup dropped their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, KE currently has an average rating of "Moderate Buy" and a consensus target price of $27.16.
Read Our Latest Analysis on BEKE
KE Trading Up 0.1%
Shares of BEKE stock traded up $0.03 during trading hours on Friday, hitting $17.68. The company's stock had a trading volume of 2,811,949 shares, compared to its average volume of 9,602,890. The stock has a market cap of $21.36 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.20 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05. The company has a 50 day moving average of $18.94 and a 200 day moving average of $19.32.
KE Company Profile
(
Free Report)
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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