Y Intercept Hong Kong Ltd acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,135 shares of the company's stock, valued at approximately $405,000.
Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in KE during the 1st quarter valued at about $34,000. Wealthquest Corp bought a new position in shares of KE during the 1st quarter worth approximately $79,000. State of Wyoming bought a new position in shares of KE during the 4th quarter worth approximately $100,000. Raiffeisen Bank International AG bought a new position in shares of KE during the 4th quarter worth approximately $151,000. Finally, FNY Investment Advisers LLC bought a new position in shares of KE during the 1st quarter worth approximately $200,000. Institutional investors own 39.34% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on BEKE. UBS Group raised 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 note on Friday, May 16th. Citigroup cut their price objective on 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 downgraded KE from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.16.
View Our Latest Analysis on BEKE
KE Stock Down 1.0%
Shares of NYSE BEKE traded down $0.19 during trading hours on Friday, hitting $18.24. The company had a trading volume of 2,527,308 shares, compared to its average volume of 8,867,419. The stock has a market capitalization of $22.03 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.39 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 firm's 50 day moving average is $18.61 and its 200-day moving average is $19.46.
KE Company Profile
(
Free Report)
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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