Matthews International Capital Management LLC Cuts Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Matthews International Capital Management LLC trimmed its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 729,686 shares of the company’s stock after selling 83,229 shares during the period. KE makes up approximately 3.2% of Matthews International Capital Management LLC’s portfolio, making the stock its 12th biggest holding. Matthews International Capital Management LLC owned approximately 0.06% of KE worth $13,864,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BEKE. Hhlr Advisors LTD. increased its holdings in shares of KE by 6.3% in the 1st quarter. Hhlr Advisors LTD. now owns 11,973,402 shares of the company’s stock worth $240,546,000 after buying an additional 712,126 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in KE by 78.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after acquiring an additional 3,315,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in KE by 299.4% during 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 valued at $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. Norges Bank bought a new stake in KE during the second quarter worth about $124,616,000. Finally, Legal & General Group Plc boosted its holdings in shares of KE by 6.0% in 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 in the last quarter. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BEKE. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.30.

KE Trading Up 1.1%

KE stock opened at $16.22 on Friday. The firm has a market cap of $18.45 billion, a P/E ratio of 38.61, a P/E/G ratio of 3.09 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.39 and a 1-year high of $25.17. The firm has a 50-day moving average of $16.91 and a 200-day moving average of $18.04.

KE Company 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.