Y Intercept Hong Kong Ltd Purchases Shares of 440,688 KE Holdings Inc. Sponsored ADR $BEKE

Y Intercept Hong Kong Ltd purchased a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 440,688 shares of the company’s stock, valued at approximately $8,373,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC increased its stake in 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 last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of KE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock worth $506,000 after purchasing an additional 735 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after purchasing an additional 809 shares during the last quarter. Savant Capital LLC raised its holdings in KE by 10.6% during the 2nd quarter. Savant Capital LLC now owns 16,743 shares of the company’s stock valued at $297,000 after buying an additional 1,601 shares during the period. Finally, Strs Ohio bought a new stake in KE in the first quarter worth $44,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE BEKE opened at $18.21 on Friday. KE Holdings Inc. Sponsored ADR has a 52-week low of $15.26 and a 52-week high of $25.17. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 2.35 and a beta of -0.63. The stock has a 50 day moving average price of $16.88 and a 200 day moving average price of $17.87.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BEKE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, KE has an average rating of “Moderate Buy” and a consensus target price of $23.30.

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.