Oaktree Capital Management LP Has $26.84 Million Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Oaktree Capital Management LP lifted its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 20.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,513,039 shares of the company’s stock after purchasing an additional 258,255 shares during the period. Oaktree Capital Management LP owned about 0.13% of KE worth $26,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in KE by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock worth $508,916,000 after buying an additional 919,420 shares during the period. Hhlr Advisors LTD. lifted its holdings in shares of KE by 6.3% during the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock worth $240,546,000 after purchasing an additional 712,126 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of KE by 78.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after purchasing an additional 3,315,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KE by 299.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock worth $147,135,000 after purchasing an additional 5,490,172 shares during the last quarter. Finally, Norges Bank bought a new position in KE during the 2nd quarter worth $124,616,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Up 1.1%

KE stock opened at $16.82 on Friday. The company has a market capitalization of $19.13 billion, a PE ratio of 40.04, a PEG ratio of 3.17 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a 12-month low of $15.39 and a 12-month high of $25.17. The firm’s fifty day moving average is $17.59 and its 200 day moving average is $18.27.

Analyst Upgrades and Downgrades

BEKE has been the topic of a number of recent analyst reports. UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Friday, October 31st. Barclays dropped their price target on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. lowered their target price on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group set a $22.00 price target on shares of KE and gave the company a “buy” rating in a research report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, KE currently has an average rating of “Moderate Buy” and a consensus price target of $23.30.

KE Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.