Hsbc Holdings PLC trimmed its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report) by 23.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 366,485 shares of the company’s stock after selling 110,874 shares during the quarter. Hsbc Holdings PLC’s holdings in KE were worth $5,773,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in BEKE. Wellington Management Group LLP raised its stake in shares of KE by 4.5% in the third quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after acquiring an additional 521,313 shares during the last quarter. Norges Bank bought a new stake in shares of KE during the fourth quarter valued at approximately $112,843,000. Bank of America Corp DE increased its holdings in shares of KE by 76.3% in the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. Temasek Holdings Private Ltd raised its position in KE by 40.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock worth $48,026,000 after purchasing an additional 881,506 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in KE by 53.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after purchasing an additional 934,835 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Barclays lifted their target price on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Wednesday, June 24th. Griffin Securities set a $24.40 target price on shares of KE in a research note on Wednesday, April 8th. Citigroup reissued a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Finally, UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, KE presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.
KE Stock Up 0.2%
Shares of NYSE:BEKE opened at $15.27 on Friday. The company has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $16.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $17.08 billion, a PE ratio of 36.35 and a beta of -0.33. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.81 and a 52 week high of $20.98.
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.
Featured Stories
- Five stocks we like better than KE
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report).
Receive News & Ratings for KE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KE and related companies with MarketBeat.com's FREE daily email newsletter.
