Pinpoint Asset Management Singapore Pte. Ltd. Lowers Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Pinpoint Asset Management Singapore Pte. Ltd. lowered its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 46.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 368,114 shares of the company’s stock after selling 316,803 shares during the period. KE makes up 1.3% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 16th biggest holding. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in KE were worth $6,994,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 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 acquiring an additional 3,315,704 shares in the last quarter. Norges Bank acquired a new position in KE during the 2nd quarter worth $124,616,000. Legal & General Group Plc increased its holdings in KE by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock worth $83,521,000 after purchasing an additional 265,429 shares during the period. Baird Financial Group Inc. boosted its stake in shares of KE by 29.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after buying an additional 783,938 shares during the period. Finally, Athos Capital Ltd acquired a new position in shares of KE during the third quarter worth about $47,500,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

NYSE BEKE opened at $16.66 on Monday. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 2.13 and a beta of -0.62. The firm’s fifty day moving average price is $17.45 and its 200 day moving average price is $17.69.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Wall Street Zen cut shares of KE from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. The Goldman Sachs Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Monday, February 2nd. Finally, Barclays set a $23.00 price target on KE in a research note on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.40.

KE 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.