XTX Topco Ltd Has $1.28 Million Stake in KE Holdings Inc. Sponsored ADR $BEKE

XTX Topco Ltd lowered its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,065 shares of the company’s stock after selling 5,145 shares during the period. XTX Topco Ltd’s holdings in KE were worth $1,278,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BEKE. Vanguard Group Inc. increased its stake in shares of KE by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 25,331,813 shares of the company’s stock valued at $508,916,000 after buying an additional 919,420 shares during the period. Hhlr Advisors LTD. boosted its holdings in KE by 6.3% in the first quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock valued at $240,546,000 after acquiring an additional 712,126 shares during the last quarter. Artisan Partners Limited Partnership increased its position in 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in 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 period. Finally, Greenwoods Asset Management Hong Kong Ltd. raised its holdings in KE by 777.5% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock worth $95,866,000 after purchasing an additional 4,228,006 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the topic of several recent research reports. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Tuesday. JPMorgan Chase & Co. cut their price target on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Friday, October 31st. Finally, Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

KE Price Performance

NYSE:BEKE opened at $17.11 on Friday. KE Holdings Inc. Sponsored ADR has a one year low of $15.39 and a one year high of $25.17. The company has a market cap of $20.37 billion, a PE ratio of 40.73, a P/E/G ratio of 3.28 and a beta of -0.64. The firm’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $18.34.

About KE

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.