Aberdeen Group plc Sells 36,234 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Aberdeen Group plc cut its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 11.3% during the third quarter, HoldingsChannel reports. The firm owned 283,090 shares of the company’s stock after selling 36,234 shares during the period. Aberdeen Group plc’s holdings in KE were worth $5,721,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in KE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock valued at $506,000 after buying 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 second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after acquiring an additional 809 shares during the period. Savant Capital LLC raised its stake in shares of KE by 10.6% during the second quarter. Savant Capital LLC now owns 16,743 shares of the company’s stock valued at $297,000 after acquiring an additional 1,601 shares in the last quarter. Strs Ohio purchased a new stake in shares of KE in the first quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC grew its stake in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BEKE. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. 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 note on Friday, October 31st. Barclays set a $23.00 price objective on shares of KE in a research note on Thursday. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.40.

KE Price Performance

BEKE opened at $17.29 on Friday. The firm has a market capitalization of $20.20 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.19 and a beta of -0.64. The business’s 50-day moving average is $17.32 and its two-hundred day moving average is $17.77. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17.

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.