Alkeon Capital Management LLC Sells 1,054,164 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Alkeon Capital Management LLC reduced its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 49.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,559 shares of the company’s stock after selling 1,054,164 shares during the quarter. Alkeon Capital Management LLC owned 0.09% of KE worth $17,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BEKE. Bayforest Capital Ltd bought a new stake in shares of KE in the fourth quarter valued at about $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of KE by 330.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after acquiring an additional 1,750 shares in the last quarter. Strs Ohio bought a new stake in shares of KE in the first quarter valued at about $44,000. Allworth Financial LP raised its holdings in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd bought a new stake in shares of KE in the fourth quarter valued at about $63,000. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

BEKE opened at $16.57 on Tuesday. KE Holdings Inc. Sponsored ADR has a 52-week low of $14.40 and a 52-week high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. The company has a market cap of $18.54 billion, a P/E ratio of 39.44 and a beta of -0.36. The firm’s 50-day moving average price is $16.79 and its 200-day moving average price is $16.88.

KE (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. The firm had revenue of $3.17 billion for the quarter. As a group, equities analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BEKE. Weiss Ratings restated a “hold (c)” rating on shares of KE in a report on Friday, March 27th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, May 4th. Barclays boosted their target price on shares of KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Citigroup reiterated a “buy” rating on shares of KE in a report on Tuesday, May 19th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, KE has an average rating of “Moderate Buy” and an average price target of $23.07.

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.