KE Holdings Inc. Sponsored ADR $BEKE Stock Holdings Increased by Hhlr Advisors LTD.

Hhlr Advisors LTD. lifted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,973,402 shares of the company’s stock after acquiring an additional 712,126 shares during the quarter. KE accounts for about 7.0% of Hhlr Advisors LTD.’s portfolio, making the stock its 5th largest position. Hhlr Advisors LTD. owned 0.99% of KE worth $240,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in KE by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock worth $14,897,000 after acquiring an additional 87,659 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in KE by 14.6% during the first quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company’s stock valued at $2,489,000 after buying an additional 15,802 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of KE during the first quarter worth about $34,000. Vanguard Group Inc. increased its stake in KE by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock worth $508,916,000 after buying an additional 919,420 shares during the period. Finally, Hsbc Holdings PLC grew its stake in KE by 0.7% during the 1st quarter. Hsbc Holdings PLC now owns 3,463,525 shares of the company’s stock valued at $69,560,000 after purchasing an additional 23,087 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Performance

NYSE:BEKE opened at $17.58 on Monday. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.28 and a 52 week high of $26.05. The stock’s 50 day moving average price is $18.36 and its 200 day moving average price is $19.54. The company has a market capitalization of $20.93 billion, a P/E ratio of 37.41, a P/E/G ratio of 1.62 and a beta of -0.76.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Citigroup decreased their price target on KE from $25.80 to $24.80 and set a “buy” rating for the company in a research note on Friday, May 16th. JPMorgan Chase & Co. lowered their target price on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, UBS Group raised KE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.10 to $23.00 in a report on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.54.

KE 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.