KE Holdings Inc. Sponsored ADR $BEKE is Freemont Capital Pte Ltd’s 8th Largest Position

Freemont Capital Pte Ltd boosted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 85.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the company’s stock after purchasing an additional 23,000 shares during the quarter. KE comprises approximately 0.0% of Freemont Capital Pte Ltd’s portfolio, making the stock its 8th biggest holding. Freemont Capital Pte Ltd’s holdings in KE were worth $887,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in KE by 299.4% during 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 worth $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. Siren L.L.C. lifted its position in KE by 75.0% in the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock worth $2,109,000 after buying an additional 45,000 shares during the last quarter. Bank of New York Mellon Corp grew its position in KE by 13.4% during the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock valued at $14,897,000 after acquiring an additional 87,659 shares during the last quarter. Axiom Investors LLC DE purchased a new position in shares of KE during the first quarter worth approximately $25,547,000. Finally, Acadian Asset Management LLC bought a new stake in shares of KE in the 1st quarter worth approximately $1,479,000. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of BEKE stock opened at $16.83 on Friday. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $15.39 and a fifty-two week high of $25.17. The firm has a market cap of $20.04 billion, a P/E ratio of 40.07, a P/E/G ratio of 3.05 and a beta of -0.64. The business’s 50 day moving average price is $18.36 and its 200-day moving average price is $18.55.

Analyst Ratings Changes

Several research firms recently commented on BEKE. 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. Jefferies Financial Group set a $22.00 price objective on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their price target on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Barclays lowered their price objective on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

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.