173,157 Shares in KE Holdings Inc. Sponsored ADR $BEKE Acquired by Weiss Asset Management LP

Weiss Asset Management LP bought a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the first quarter, HoldingsChannel reports. The fund bought 173,157 shares of the company’s stock, valued at approximately $2,592,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in KE by 4.5% during the third quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock worth $230,130,000 after purchasing an additional 521,313 shares during the period. Norges Bank purchased a new stake in shares of KE during the 4th quarter valued at $112,843,000. Bank of America Corp DE increased its holdings 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 worth $58,290,000 after buying an additional 1,327,775 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings 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 worth $48,026,000 after buying an additional 881,506 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of KE by 53.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,675,518 shares of the company’s stock worth $42,166,000 after buying an additional 934,835 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Down 0.2%

Shares of NYSE BEKE opened at $15.87 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.81 and a 1 year high of $20.98. The stock’s 50-day simple moving average is $16.06 and its 200-day simple moving average is $16.68. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 37.77 and a beta of -0.33.

Analyst Ratings Changes

A number of research firms have issued reports on BEKE. Griffin Securities set a $24.40 price target on KE in a research report on Wednesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, May 19th. 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 report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Finally, Barclays raised their price target on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

KE 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.