KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 299.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,323,774 shares of the company's stock after purchasing an additional 5,490,172 shares during the quarter. 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 SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in KE in the 1st quarter valued at about $34,000. Wealthquest Corp purchased a new stake in shares of KE in the 1st quarter valued at approximately $79,000. State of Wyoming purchased a new stake in shares of KE in the 4th quarter valued at approximately $100,000. Brooklyn Investment Group raised its stake in shares of KE by 3,813.6% in the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company's stock valued at $116,000 after acquiring an additional 5,606 shares during the period. Finally, Raiffeisen Bank International AG purchased a new stake in shares of KE in the 4th quarter valued at approximately $151,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

Shares of NYSE:BEKE traded up $0.43 during trading hours on Wednesday, reaching $20.42. The stock had a trading volume of 11,185,330 shares, compared to its average volume of 8,375,638. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.90 and a 1 year high of $26.05. The firm's 50 day moving average is $18.65 and its 200-day moving average is $19.40. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 43.45, a P/E/G ratio of 2.39 and a beta of -0.76.

Wall Street Analyst Weigh In

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

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.