KE Holdings Inc. Sponsored ADR $BEKE Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 8.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 688,698 shares of the company’s stock after purchasing an additional 55,075 shares during the quarter. Franklin Resources Inc.’s holdings in KE were worth $12,218,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new position in KE during the first quarter valued at approximately $44,000. Hantz Financial Services Inc. lifted its holdings in shares of KE by 599.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after acquiring an additional 2,602 shares in the last quarter. Wealthquest Corp purchased a new stake in KE during the 1st quarter worth $79,000. Brooklyn Investment Group increased its holdings in KE by 3,813.6% in the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock valued at $116,000 after purchasing an additional 5,606 shares in the last quarter. Finally, Signaturefd LLC raised its position in KE by 7.1% in the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BEKE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Tuesday. Barclays decreased their price target on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, October 31st. Finally, Jefferies Financial Group set a $22.00 price target on shares of KE and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Down 0.6%

Shares of NYSE:BEKE opened at $17.11 on Friday. The firm has a 50-day simple moving average of $17.79 and a 200 day simple moving average of $18.35. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $15.39 and a fifty-two week high of $25.17. The company has a market cap of $20.37 billion, a PE ratio of 40.73, a P/E/G ratio of 3.28 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.