KE Holdings Inc. Sponsored ADR $BEKE Shares Bought by Perseverance Asset Management International

Perseverance Asset Management International raised its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 20.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,391,439 shares of the company’s stock after purchasing an additional 236,000 shares during the quarter. KE accounts for 2.3% of Perseverance Asset Management International’s portfolio, making the stock its 9th largest position. Perseverance Asset Management International’s holdings in KE were worth $20,830,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BEKE. Bayforest Capital Ltd acquired a new position in shares of KE in the fourth quarter valued at about $28,000. Strs Ohio purchased a new stake in KE in the first quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd increased its holdings in KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after buying an additional 1,750 shares during the period. Allworth Financial LP increased its holdings in KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after buying an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Griffin Securities set a $24.40 price objective on shares of KE in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Citigroup restated a “buy” rating on shares of KE in a research report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a report on Saturday, May 23rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, KE currently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

KE Trading Up 0.1%

KE stock opened at $16.07 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.98. The stock’s 50 day simple moving average is $16.11 and its two-hundred day simple moving average is $16.69. The firm has a market cap of $17.99 billion, a PE ratio of 38.27 and a beta of -0.33.

KE Company Profile

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.