KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Stock Position Increased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stock holdings in KE Holdings Inc. by 93.7% during the first quarter, bringing its total to 77,210 shares valued at $1.55 million.
• Multiple hedge funds have shown interest in KE, with O Shaughnessy Asset Management boosting its holdings by 107.6% in the fourth quarter, indicating growing institutional confidence in the company.
• Wall Street analysts have mixed ratings for KE, with a consensus price target of $27.16 and one analyst rating it a hold, while six have issued buy ratings.

XTX Topco Ltd boosted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) by 93.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,210 shares of the company's stock after purchasing an additional 37,342 shares during the period. XTX Topco Ltd's holdings in KE were worth $1,551,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in KE during the 1st quarter valued at $1,005,000. Trivest Advisors Ltd bought a new position in KE during the 1st quarter valued at $6,047,000. Federated Hermes Inc. boosted its stake in KE by 15.6% during the 1st quarter. Federated Hermes Inc. now owns 2,903,839 shares of the company's stock valued at $58,338,000 after acquiring an additional 392,273 shares during the last quarter. Freemont Capital Pte Ltd bought a new position in KE during the 1st quarter valued at $542,000. Finally, Mackenzie Financial Corp bought a new position in KE during the 1st quarter valued at $2,006,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BEKE shares. Citigroup reduced their price target 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. Wall Street Zen downgraded shares of KE from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.16.

KE Trading Down 2.3%

NYSE:BEKE traded down $0.43 during mid-day trading on Monday, hitting $17.78. The stock had a trading volume of 2,923,274 shares, compared to its average volume of 8,839,706. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 1.36 and a beta of -0.76. The company has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $19.51. KE Holdings Inc. Sponsored ADR has a 52 week low of $12.92 and a 52 week high of $26.05.

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.