Oppenheimer Asset Management Inc. Has $5.40 Million Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Oppenheimer Asset Management Inc. boosted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 304,160 shares of the company’s stock after buying an additional 7,190 shares during the period. Oppenheimer Asset Management Inc.’s holdings in KE were worth $5,396,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of KE by 299.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after buying an additional 5,490,172 shares during the last quarter. Siren L.L.C. grew its holdings in shares of KE by 75.0% during the first quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock valued at $2,109,000 after buying an additional 45,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of KE by 13.4% during the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock valued at $14,897,000 after buying an additional 87,659 shares during the last quarter. Axiom Investors LLC DE acquired a new position in shares of KE during the first quarter valued at about $25,547,000. Finally, Acadian Asset Management LLC acquired a new position in shares of KE during the first quarter valued at about $1,479,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BEKE. JPMorgan Chase & Co. reduced their price objective on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Barclays dropped their price target on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.54.

KE Price Performance

BEKE opened at $17.98 on Tuesday. The firm has a market capitalization of $21.40 billion, a P/E ratio of 38.25, a PEG ratio of 2.17 and a beta of -0.67. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $16.05 and a fifty-two week high of $25.17. The company’s 50-day moving average is $18.80 and its 200 day moving average is $18.87.

About KE

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.