Regal Partners Ltd Takes $2.18 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Regal Partners Ltd acquired a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 122,853 shares of the company’s stock, valued at approximately $2,179,000.

Several other institutional investors also recently made changes to their positions in BEKE. Hantz Financial Services Inc. boosted its position in KE by 599.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after purchasing an additional 2,602 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its position in KE by 30.2% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 66,835 shares of the company’s stock worth $1,185,000 after purchasing an additional 15,490 shares during the period. Envestnet Asset Management Inc. boosted its position in KE by 17.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,170 shares of the company’s stock worth $4,261,000 after purchasing an additional 35,781 shares during the period. Oppenheimer Asset Management Inc. boosted its position in KE by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 304,160 shares of the company’s stock worth $5,396,000 after purchasing an additional 7,190 shares during the period. Finally, Ethic Inc. boosted its position in KE by 29.5% during the 2nd quarter. Ethic Inc. now owns 58,661 shares of the company’s stock worth $1,088,000 after purchasing an additional 13,369 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Price Performance

Shares of BEKE stock opened at $17.08 on Friday. KE Holdings Inc. Sponsored ADR has a 12 month low of $16.05 and a 12 month high of $25.17. The firm has a market capitalization of $20.33 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.07 and a beta of -0.67. The company’s fifty day moving average price is $18.74 and its two-hundred day moving average price is $18.83.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Barclays decreased their price target on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Jefferies Financial Group set a $22.00 price target on shares of KE and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, UBS Group lowered 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. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, KE currently has a consensus rating of “Moderate Buy” and an average target price of $23.30.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.