Swedbank AB Has $3.32 Million Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Swedbank AB reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,193 shares of the company's stock after selling 40,500 shares during the quarter. Swedbank AB's holdings in KE were worth $3,321,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BEKE. Voya Investment Management LLC boosted its holdings 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 acquiring an additional 1,973 shares in the last quarter. Strs Ohio acquired a new position in shares of KE during the 1st quarter valued at $44,000. Siren L.L.C. raised its stake in KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company's stock worth $2,109,000 after buying an additional 45,000 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of KE in the 1st quarter worth about $1,479,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company's stock worth $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE BEKE opened at $19.80 on Monday. The firm has a 50-day moving average of $18.74 and a 200 day moving average of $19.30. The stock has a market cap of $23.58 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.40 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1 year low of $14.34 and a 1 year high of $26.05.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Jefferies Financial Group set a $22.00 price target on KE and gave the company a "buy" rating in a research report on Tuesday, August 26th. Barclays reduced their price target on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $24.54.

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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