Siren L.L.C. Sells 45,000 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Siren L.L.C. lowered its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKEFree Report) by 31.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock after selling 45,000 shares during the quarter. Siren L.L.C.’s holdings in KE were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Perseverance Asset Management International boosted its position in KE by 20.4% during the 1st quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock worth $20,830,000 after buying an additional 236,000 shares during the period. First Trust Advisors LP increased its position in KE by 28.1% in the 1st quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock valued at $210,000 after acquiring an additional 3,073 shares during the period. ABN Amro Investment Solutions increased its position in KE by 47.6% in the 1st quarter. ABN Amro Investment Solutions now owns 493,884 shares of the company’s stock valued at $7,393,000 after acquiring an additional 159,335 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of KE by 24.4% during the first quarter. PNC Financial Services Group Inc. now owns 22,411 shares of the company’s stock valued at $335,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of KE during the first quarter valued at $378,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Up 0.1%

KE stock opened at $16.07 on Friday. The firm has a market cap of $17.99 billion, a price-to-earnings ratio of 38.27 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. 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 firm has a 50 day moving average price of $16.11 and a two-hundred day moving average price of $16.69.

Analyst Ratings Changes

Several brokerages recently weighed in on BEKE. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, May 4th. Citigroup reaffirmed a “buy” rating on shares of KE in a report on Tuesday, May 19th. Wall Street Zen upgraded KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, KE currently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

Get Our Latest Stock Analysis on KE

KE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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