China Universal Asset Management Co. Ltd. Sells 124,000 Shares of KE Holdings Inc. Sponsored ADR $BEKE

China Universal Asset Management Co. Ltd. reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 73.4% during the second quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the company’s stock after selling 124,000 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in KE were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. Norges Bank bought a new stake in KE during the 2nd quarter worth approximately $124,616,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 in the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its position in shares of 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 valued at $95,866,000 after purchasing an additional 4,228,006 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of KE by 78.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after buying an additional 3,315,704 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in KE by 3,916.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,851,471 shares of the company’s stock worth $32,845,000 after buying an additional 1,805,372 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BEKE. UBS Group cut 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. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Monday, December 8th. Finally, Jefferies Financial Group set a $22.00 price target on KE and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

KE Trading Down 1.2%

Shares of BEKE stock opened at $17.30 on Monday. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 3.29 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a 12-month low of $15.39 and a 12-month high of $25.17. The stock’s 50-day moving average price is $17.33 and its 200-day moving average price is $18.21.

KE 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.