Rovida Advisors Inc. Invests $9.75 Million in KE Holdings Inc. Sponsored ADR $BEKE

Rovida Advisors Inc. bought a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 550,000 shares of the company’s stock, valued at approximately $9,752,000. KE makes up approximately 1.5% of Rovida Advisors Inc.’s investment portfolio, making the stock its 13th largest holding.

Several other large investors have also added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after buying an additional 5,490,172 shares during the period. Greenwoods Asset Management Hong Kong Ltd. boosted its stake in KE by 777.5% during the first quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock worth $95,866,000 after acquiring an additional 4,228,006 shares in the last quarter. Nuveen LLC bought a new position in KE during the first quarter worth $81,473,000. Artisan Partners Limited Partnership grew its stake in shares of KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after buying an additional 3,315,704 shares during the period. Finally, National Bank of Canada FI bought a new position in KE in the first quarter worth approximately $54,759,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Barclays reduced their price objective on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Friday, October 31st. Finally, Jefferies Financial Group set a $22.00 price target on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.30.

KE Price Performance

Shares of BEKE opened at $16.81 on Thursday. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.39 and a 1 year high of $25.17. The stock’s fifty day moving average price is $18.18 and its two-hundred day moving average price is $18.47. The firm has a market cap of $20.01 billion, a PE ratio of 40.01, a PEG ratio of 3.01 and a beta of -0.64.

About KE

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.