Carrhae Capital LLP Acquires New Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Carrhae Capital LLP purchased a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the 2nd quarter, HoldingsChannel reports. The firm purchased 697,760 shares of the company’s stock, valued at approximately $10,138,000. KE accounts for about 0.3% of Carrhae Capital LLP’s holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Basecamp Wealth Advisors LLC lifted its position in shares of KE by 9.1% in the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after buying an additional 704 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in KE by 8.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after purchasing an additional 809 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of KE by 2.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after purchasing an additional 970 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of KE by 37.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after buying an additional 1,543 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of KE by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock worth $284,000 after buying an additional 1,671 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BEKE. CLSA assumed coverage on shares of KE in a research report on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price for the company. Zacks Research upgraded KE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of KE in a research report on Friday, August 21st. UBS Group upgraded 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. Finally, Citigroup reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, KE has a consensus rating of “Buy” and an average target price of $23.64.

KE Price Performance

Shares of KE stock traded down $0.68 during midday trading on Tuesday, hitting $17.24. 5,498,991 shares of the company were exchanged, compared to its average volume of 4,498,423. The firm has a market cap of $19.29 billion, a P/E ratio of 28.26, a PEG ratio of 0.68 and a beta of -0.26. 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 firm has a 50 day simple moving average of $16.77 and a 200-day simple moving average of $16.55. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.81 and a 52 week high of $20.98.

KE (NYSE:BEKE) last released its quarterly earnings results on Friday, August 21st. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.11. The firm 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%. Research analysts forecast that KE Holdings Inc. Sponsored ADR will post 0.88 earnings per share for the current year.

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.