CoreView Capital Management Ltd Reduces Stake in KE Holdings Inc. Sponsored ADR $BEKE

CoreView Capital Management Ltd lowered its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,327,735 shares of the company’s stock after selling 400,000 shares during the period. KE makes up approximately 7.0% of CoreView Capital Management Ltd’s portfolio, making the stock its 6th largest position. CoreView Capital Management Ltd owned approximately 0.28% of KE worth $63,227,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of KE in the 1st quarter worth $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of KE by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares in the last quarter. Franchise Capital Ltd purchased a new stake in shares of KE during the third quarter valued at $76,000. Parallel Advisors LLC increased its holdings in KE by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock worth $98,000 after buying an additional 2,298 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in KE in the 2nd quarter worth about $116,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BEKE shares. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. Finally, Barclays set a $23.00 target price on KE in a report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, KE presently has an average rating of “Moderate Buy” and a consensus target price of $22.40.

KE Trading Up 1.6%

Shares of BEKE stock opened at $16.72 on Friday. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17. The stock has a market cap of $19.54 billion, a P/E ratio of 39.80, a P/E/G ratio of 2.11 and a beta of -0.62. The company has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $17.63.

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.