Vontobel Holding Ltd. Decreases Stake in KE Holdings Inc. Sponsored ADR $BEKE

Key Points

• Vontobel Holding Ltd. reduced its stake in KE Holdings Inc. by 31.9% during the second quarter, now owning approximately 0.06% of the company valued at $12.7 million.
• Several institutional investors have made recent changes to their positions in KE, with 39.34% of the stock currently owned by hedge funds and other investors.
• Analysts have mixed views on KE's stock, with JPMorgan lowering the price target from $24.00 to $22.00 while maintaining an "overweight" rating.

Vontobel Holding Ltd. reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 31.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 715,548 shares of the company's stock after selling 334,760 shares during the period. Vontobel Holding Ltd. owned approximately 0.06% of KE worth $12,694,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of KE by 7.1% during the second quarter. Signaturefd LLC now owns 8,935 shares of the company's stock valued at $159,000 after purchasing an additional 590 shares during the period. GAMMA Investing LLC bought a new stake in KE in the first quarter valued at $34,000. Cigna Investments Inc. New grew its position in KE by 15.6% in the first quarter. Cigna Investments Inc. New now owns 12,847 shares of the company's stock valued at $258,000 after acquiring an additional 1,737 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in KE by 1.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company's stock valued at $3,398,000 after acquiring an additional 1,774 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company's stock valued at $201,000 after acquiring an additional 1,797 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BEKE. JPMorgan Chase & Co. lowered their price target on KE from $24.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. 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. Weiss Ratings reissued a "hold (c+)" rating on shares of KE in a research note on Wednesday. Wall Street Zen lowered KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Barclays reduced their price objective on KE from $33.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.54.

KE Price Performance

Shares of KE stock opened at $18.39 on Friday. KE Holdings Inc. Sponsored ADR has a 1 year low of $16.05 and a 1 year high of $25.17. The business has a 50-day moving average of $18.73 and a two-hundred day moving average of $18.99. The company has a market capitalization of $21.90 billion, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 2.25 and a beta of -0.67.

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.

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