WT Asset Management Ltd Decreases Stock Position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

WT Asset Management Ltd trimmed its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 95.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company's stock after selling 2,227,198 shares during the period. KE comprises 0.2% of WT Asset Management Ltd's portfolio, making the stock its 23rd largest position. WT Asset Management Ltd's holdings in KE were worth $2,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BEKE. SBI Securities Co. Ltd. purchased a new position in KE during the 4th quarter valued at $30,000. GAMMA Investing LLC bought a new stake in shares of KE during the 1st quarter valued at about $34,000. Wealthquest Corp purchased a new position in shares of KE during the first quarter valued at about $79,000. Rakuten Securities Inc. raised its stake in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after buying an additional 1,416 shares in the last quarter. Finally, State of Wyoming bought a new position in KE in the fourth quarter worth about $100,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Up 0.2%

Shares of BEKE stock traded up $0.03 during trading hours on Tuesday, reaching $17.77. 9,466,559 shares of the company's stock were exchanged, compared to its average volume of 9,621,783. The stock has a market cap of $21.47 billion, a PE ratio of 33.53, a PEG ratio of 1.26 and a beta of -0.76. The stock's fifty day moving average price is $19.22 and its two-hundred day moving average price is $19.36. KE Holdings Inc. Sponsored ADR has a 1 year low of $12.92 and a 1 year high of $26.05.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Citigroup dropped their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of KE from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.16.

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.