Temasek Holdings Private Ltd Boosts Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Temasek Holdings increased its stake in KE Holdings by 75.8% in Q3 to 2,165,851 shares (about 0.18% of the company), valued at roughly $41.15 million.
• Analysts hold a consensus "Moderate Buy" on BEKE with a consensus target of $22.40, though recent views are mixed—Goldman Sachs cut to "neutral" ($19) while Barclays set a $23 target and Wall Street Zen moved to "hold".
• BEKE shares opened at $16.72, trade slightly below their 50- and 200-day averages (~$17.5), and the company has a $19.54 billion market cap, a PE of 39.8, and a 12‑month range of $15.26–$25.17.

Temasek Holdings Private Ltd grew its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 75.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,165,851 shares of the company's stock after purchasing an additional 933,859 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.18% of KE worth $41,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BEKE. Strs Ohio purchased a new position in KE during the first quarter valued at approximately $44,000. EverSource Wealth Advisors LLC raised its stake in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company's stock worth $68,000 after buying an additional 2,257 shares in the last quarter. Franchise Capital Ltd purchased a new stake in KE during the third quarter worth $76,000. Parallel Advisors LLC lifted its holdings in KE by 79.7% during the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company's stock worth $98,000 after buying an additional 2,298 shares during the period. Finally, Quantbot Technologies LP bought a new stake in KE during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BEKE. Wall Street Zen upgraded KE from a "sell" rating to a "hold" rating in a report on Saturday. Barclays set a $23.00 price objective on KE in a research report on Thursday, February 19th. Weiss Ratings reiterated a "hold (c+)" rating on shares of KE in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group lowered shares of KE from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Monday, February 2nd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, KE presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.40.

KE Trading Up 1.6%

Shares of BEKE stock opened at $16.72 on Friday. The business's fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.63. The company has a market cap of $19.54 billion, a PE ratio of 39.80, a PEG ratio of 2.11 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 12-month low of $15.26 and a 12-month high of $25.17.

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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