Wellington Management Group LLP Has $129.54 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Wellington Management Group LLP grew its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,915,061 shares of the company’s stock after buying an additional 1,231,445 shares during the quarter. Wellington Management Group LLP’s holdings in KE were worth $129,536,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of KE in the fourth quarter valued at about $112,843,000. Invesco Ltd. boosted its position in KE by 197.8% during the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after purchasing an additional 1,608,207 shares during the last quarter. Burkehill Global Management LP acquired a new position in KE during the third quarter valued at approximately $28,500,000. Amundi bought a new position in KE in the fourth quarter valued at approximately $22,303,000. Finally, Bank of America Corp DE grew its stake in KE by 76.3% in the third quarter. Bank of America Corp DE now owns 3,067,917 shares of the company’s stock valued at $58,290,000 after purchasing an additional 1,327,775 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Up 3.1%

BEKE stock opened at $17.72 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The company has a fifty day moving average price of $16.49 and a two-hundred day moving average price of $16.54. KE Holdings Inc. Sponsored ADR has a one year low of $13.81 and a one year high of $20.98. The stock has a market cap of $19.83 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 0.65 and a beta of -0.26.

KE (NYSE:BEKE) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. KE had a net margin of 5.38% and a return on equity of 7.62%. Equities analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEKE. Barclays upped their price objective on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of KE in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $23.64.

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.