Renaissance Technologies LLC Sells 543,000 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Renaissance Technologies LLC decreased its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKEFree Report) by 10.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,859,923 shares of the company’s stock after selling 543,000 shares during the quarter. Renaissance Technologies LLC’s holdings in KE were worth $72,753,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new stake in KE during the 4th quarter valued at about $112,843,000. Invesco Ltd. grew its holdings in shares of KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after buying an additional 1,608,207 shares during the last quarter. Burkehill Global Management LP purchased a new stake in shares of KE during the third quarter valued at approximately $28,500,000. Amundi bought a new stake in shares of KE during the fourth quarter valued at approximately $22,303,000. Finally, Bank of America Corp DE increased its position in shares of KE by 76.3% during 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 acquiring an additional 1,327,775 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Down 1.3%

Shares of KE stock opened at $15.87 on Friday. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.81 and a twelve month high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $16.06 and its 200 day moving average is $16.69. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 37.77 and a beta of -0.33.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of recent analyst reports. Citigroup restated 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 note on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Wednesday, June 24th. Barclays boosted their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

Get Our Latest Research Report 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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