Temasek Holdings Private Ltd lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report) by 40.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,047,357 shares of the company’s stock after buying an additional 881,506 shares during the quarter. Temasek Holdings Private Ltd owned about 0.26% of KE worth $48,026,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bayforest Capital Ltd acquired a new stake in shares of KE during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its holdings in KE by 330.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares during the period. Strs Ohio acquired a new stake in KE in the first quarter worth $44,000. Allworth Financial LP grew its holdings in KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after purchasing an additional 2,089 shares during the period. Finally, Franchise GP Ltd acquired a new stake in KE in the fourth quarter worth $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Griffin Securities set a $24.40 price target on shares of KE in a report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, May 12th. Barclays lifted their price objective on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, May 4th. Six equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.07.
KE Stock Down 1.9%
Shares of NYSE BEKE opened at $16.57 on Tuesday. KE Holdings Inc. Sponsored ADR has a 1 year low of $14.40 and a 1 year high of $20.98. The stock has a market capitalization of $18.54 billion, a P/E ratio of 39.44 and a beta of -0.36. The company has a 50-day moving average price of $16.79 and a 200-day moving average price of $16.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.
KE (NYSE:BEKE – Get Free Report) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The business had revenue of $3.17 billion for the quarter. On average, equities research analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than KE
- This Golden Cross Could Send Urban Outfitters to New Highs
- Insiders Sell Top Tech Plays: Should Investors Buy, Sell, or Hold?
- Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
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.
