Panagora Asset Management Inc. Has $671,000 Position in KE Holdings Inc. Sponsored ADR $BEKE

Panagora Asset Management Inc. lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 94.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,808 shares of the company’s stock after selling 606,517 shares during the period. Panagora Asset Management Inc.’s holdings in KE were worth $671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BEKE. Strs Ohio bought a new stake in KE during the 1st quarter worth approximately $44,000. Hantz Financial Services Inc. increased its position in shares of KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after acquiring an additional 2,602 shares in the last quarter. Brooklyn Investment Group increased its position in shares of KE by 3,813.6% during the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock worth $116,000 after acquiring an additional 5,606 shares in the last quarter. Signaturefd LLC raised its holdings in shares of KE by 7.1% during the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock worth $159,000 after acquiring an additional 590 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in KE by 21.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BEKE shares. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. decreased their price objective on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Monday, December 1st. Barclays reduced their price target on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Finally, UBS 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 report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Performance

Shares of NYSE BEKE opened at $17.19 on Friday. The stock has a 50 day moving average price of $17.55 and a 200 day moving average price of $18.25. The stock has a market capitalization of $19.55 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 3.27 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a 52 week low of $15.39 and a 52 week high of $25.17.

KE Company 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.