KE Holdings Inc. Sponsored ADR (NYSE:BEKE) is UG Investment Advisers Ltd.'s 4th Largest Position

UG Investment Advisers Ltd. grew its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 18.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,288,991 shares of the company's stock after purchasing an additional 197,757 shares during the period. KE makes up about 7.1% of UG Investment Advisers Ltd.'s portfolio, making the stock its 4th biggest position. UG Investment Advisers Ltd. owned about 0.11% of KE worth $25,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board raised its holdings in shares of KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after buying an additional 11,182,265 shares during the period. Norges Bank purchased a new stake in shares of KE in the fourth quarter worth approximately $130,167,000. Aspex Management HK Ltd purchased a new stake in shares of KE in the fourth quarter worth approximately $119,996,000. H Capital V GP L.P. purchased a new stake in shares of KE in the fourth quarter worth approximately $91,147,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of KE by 504.2% in the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after buying an additional 4,709,266 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Price Performance

NYSE BEKE traded up $0.08 during trading hours on Monday, reaching $18.08. The company's stock had a trading volume of 7,116,402 shares, compared to its average volume of 9,640,393. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 1.23 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1-year low of $12.92 and a 1-year high of $26.05. The company's 50-day moving average is $19.32 and its two-hundred day moving average is $19.43.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup reduced their price objective on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Finally, Morgan Stanley raised their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, KE has an average rating of "Moderate Buy" and a consensus price target of $27.16.

KE Company 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.