Vanguard Group Inc. Has $508.92 Million Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Vanguard Group Inc. increased its holdings in KE Holdings Inc. by 3.8%, bringing its total to approximately $508.92 million, with ownership of over 25 million shares.
• Multiple institutional investors have also boosted their stakes in KE Holdings, with the Canada Pension Plan Investment Board achieving a 111,822,650.0% increase in its shares.
• Analysts have varied opinions on KE stock, with price targets ranging from $22.00 to $25.00 and a consensus rating of "Moderate Buy" based on recent assessments.

Vanguard Group Inc. lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 25,331,813 shares of the company's stock after acquiring an additional 919,420 shares during the period. Vanguard Group Inc. owned 2.10% of KE worth $508,916,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Krane Funds Advisors LLC increased its holdings in shares of KE by 12.9% during the first quarter. Krane Funds Advisors LLC now owns 14,915,812 shares of the company's stock valued at $299,659,000 after purchasing an additional 1,707,067 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of KE by 3.6% in the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after acquiring an additional 392,588 shares in the last quarter. Canada Pension Plan Investment Board boosted 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 valued at $205,978,000 after acquiring an additional 11,182,265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of KE by 3,203.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company's stock valued at $160,769,000 after acquiring an additional 7,760,169 shares during the period. Finally, Aspex Management HK Ltd bought a new stake in KE during the fourth quarter worth approximately $119,996,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

Shares of KE stock traded up $0.12 during midday trading on Tuesday, hitting $18.17. The company had a trading volume of 741,387 shares, compared to its average volume of 8,590,823. The stock has a market cap of $21.63 billion, a PE ratio of 34.30, a P/E/G ratio of 1.37 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a 1-year low of $13.28 and a 1-year high of $26.05. The business's 50 day simple moving average is $18.46 and its two-hundred day simple moving average is $19.56.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BEKE shares. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $22.10 to $23.00 in a report on Friday, May 16th. JPMorgan Chase & Co. cut their price objective on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. Barclays reduced their price objective on shares of KE from $33.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday. Citigroup dropped their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.97.

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.