Alkeon Capital Management LLC Reduces Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Alkeon Capital Management LLC cut its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 35.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,772,723 shares of the company’s stock after selling 1,500,000 shares during the period. Alkeon Capital Management LLC’s holdings in KE were worth $49,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio purchased a new stake in shares of KE during the first quarter worth $44,000. Hantz Financial Services Inc. grew its position in shares of KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after purchasing an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares during the period. Brooklyn Investment Group lifted its holdings in KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock worth $116,000 after purchasing an additional 5,606 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in KE in the 2nd quarter worth about $116,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE:BEKE opened at $17.30 on Friday. The firm has a market capitalization of $19.69 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 3.34 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. The firm has a fifty day moving average of $17.33 and a 200 day moving average of $18.21.

Analyst Ratings Changes

BEKE has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Monday. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Barclays decreased their target price on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.30.

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.