KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 109.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,913 shares of the company’s stock after buying an additional 73,078 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KE were worth $2,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of BEKE. Norges Bank purchased a new stake in KE during the 2nd quarter worth approximately $124,616,000. Artisan Partners Limited Partnership raised its stake in KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after acquiring an additional 3,315,704 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in KE by 3,916.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,851,471 shares of the company’s stock worth $32,845,000 after acquiring an additional 1,805,372 shares during the period. Invesco Ltd. grew its stake in KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after purchasing an additional 1,608,207 shares during the last quarter. Finally, Carrhae Capital LLP acquired a new position in shares of KE in the second quarter valued at about $24,147,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Wall Street Zen upgraded shares of KE from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, KE has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

KE Stock Up 1.4%

NYSE:BEKE opened at $17.57 on Friday. KE Holdings Inc. Sponsored ADR has a 52 week low of $15.26 and a 52 week high of $25.17. The stock’s 50-day moving average price is $16.71 and its 200-day moving average price is $17.87. The stock has a market capitalization of $19.99 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.24 and a beta of -0.63.

KE Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.