UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 5,490,172 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• UBS AM significantly increased its stake in KE Holdings by 299.4%, now holding over 7.3 million shares valued at approximately $147 million.
• Other institutional investors, including Mirae Asset Global Investments and Nuveen Asset Management, have also raised their holdings in KE Holdings by substantial percentages during the first quarter.
• Wall Street analysts generally favor KE Holdings, with an average rating of "Buy" and a price target averaging around $24.54.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 299.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,323,774 shares of the company's stock after acquiring an additional 5,490,172 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.61% of KE worth $147,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. GAMMA Investing LLC acquired a new position in shares of KE during the first quarter worth about $34,000. Wealthquest Corp acquired a new position in shares of KE during the first quarter worth about $79,000. State of Wyoming acquired a new position in shares of KE during the fourth quarter worth about $100,000. Brooklyn Investment Group boosted its position in shares of KE by 3,813.6% during the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock worth $116,000 after buying an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of KE during the fourth quarter worth about $151,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on BEKE. JPMorgan Chase & Co. reduced their price objective on KE from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Wall Street Zen cut KE from a "buy" rating to a "hold" rating in a research report 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. Finally, Barclays reduced their price target on KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, August 15th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, KE has a consensus rating of "Buy" and a consensus price target of $24.54.

KE Stock Performance

Shares of NYSE BEKE traded down $0.39 during trading hours on Thursday, reaching $19.97. 1,507,228 shares of the stock were exchanged, compared to its average volume of 8,360,486. The firm has a market capitalization of $23.78 billion, a price-to-earnings ratio of 42.50, a P/E/G ratio of 2.43 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 52 week low of $14.34 and a 52 week high of $26.05. The stock's fifty day simple moving average is $18.70 and its 200 day simple moving average is $19.41.

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.