KE Holdings Inc. Sponsored ADR $BEKE Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 56.5% in the third quarter, HoldingsChannel reports. The firm owned 630,660 shares of the company’s stock after buying an additional 227,616 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KE were worth $10,627,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in KE by 16.0% during the second quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock worth $129,536,000 after purchasing an additional 1,231,445 shares during the last quarter. Carrhae Capital LLP purchased a new stake in KE during the 2nd quarter worth approximately $10,138,000. Baird Financial Group Inc. raised its stake in shares of KE by 5.8% in the second quarter. Baird Financial Group Inc. now owns 5,942,507 shares of the company’s stock valued at $86,345,000 after acquiring an additional 324,707 shares in the last quarter. Perseverance Asset Management International raised its holdings in KE by 20.4% in the first quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock valued at $20,830,000 after acquiring an additional 236,000 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in KE in the first quarter valued at $2,592,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Down 1.1%

Shares of NYSE BEKE opened at $17.05 on Friday. The company has a market cap of $19.08 billion, a P/E ratio of 27.96, a P/E/G ratio of 0.56 and a beta of -0.26. The company has a current ratio of 3.30, a quick ratio of 3.30 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 $19.88. The stock has a fifty day moving average price of $17.16 and a 200 day moving average price of $16.70.

KE (NYSE:BEKE) last released its quarterly earnings results on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a net margin of 5.38% and a return on equity of 7.62%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.59 billion. Research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 1.03 EPS for the current fiscal year.

Analysts Set New Price Targets

BEKE has been the topic of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of KE in a research note on Friday, August 21st. Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. CLSA started coverage on KE in a report on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 price target for the company. Weiss Ratings raised shares of KE from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 9th. Finally, Zacks Research raised shares of KE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $23.64.

Insider Transactions at KE

In other news, Director Yigang Shan sold 3,326,670 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the completion of the transaction, the director directly owned 53,868,189 shares of the company’s stock, valued at approximately $293,042,948.16. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Yongdong Peng sold 16,033,983 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the completion of the sale, the chief executive officer directly owned 62,824,251 shares in the company, valued at approximately $331,083,802.77. This trade represents a 20.33% decrease in their position. The SEC filing for this sale provides additional information. 6.80% of the stock is owned by corporate insiders.

KE Profile

KE Holdings Inc, also known as Beike, operates a technology-driven housing-services platform in China. The company connects consumers, housing agents, property developers and other service providers through online and offline channels.

Its business includes brokerage services for existing-home and new-home transactions, residential rentals, and related housing services. KE Holdings also provides home renovation and furnishing services, property management, and other services designed to support consumers throughout the residential real estate lifecycle.

The company’s platform supports a network of agents and stores and uses data, digital tools and standardized operating processes to facilitate property searches, transactions and related services.