Quantinno Capital Management LP Purchases 59,079 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Quantinno Capital Management LP boosted its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 86.7% during the first quarter, Holdings Channel reports. The institutional investor owned 127,216 shares of the company’s stock after acquiring an additional 59,079 shares during the quarter. Quantinno Capital Management LP’s holdings in KE were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BEKE. Wellington Management Group LLP raised its stake in shares of KE by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock valued at $230,130,000 after buying an additional 521,313 shares in the last quarter. Norges Bank bought a new position in shares of KE during the 4th quarter worth about $112,843,000. Bank of America Corp DE boosted its position in shares of KE by 76.3% during the 3rd 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. Temasek Holdings Private Ltd boosted its position in shares of KE by 40.7% during the 4th quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock valued at $48,026,000 after acquiring an additional 881,506 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in KE by 53.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock valued at $42,166,000 after acquiring an additional 934,835 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Down 4.0%

BEKE opened at $16.94 on Wednesday. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 40.34 and a beta of -0.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The firm’s 50-day simple moving average is $16.04 and its 200-day simple moving average is $16.65. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.81 and a twelve month high of $20.98.

Analyst Ratings Changes

Several research analysts recently issued reports on BEKE shares. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, May 12th. Barclays upped their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Wall Street Zen cut KE from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group upgraded KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.28.

About KE

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.