Hsbc Holdings PLC Has $5.77 Million Stake in KE Holdings Inc. Sponsored ADR $BEKE

Hsbc Holdings PLC trimmed its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,485 shares of the company’s stock after selling 110,874 shares during the period. Hsbc Holdings PLC’s holdings in KE were worth $5,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BEKE. Bayforest Capital Ltd acquired a new position in shares of KE during the 4th quarter worth about $28,000. Strs Ohio bought a new stake in KE during the 1st quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd grew its holdings in KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after buying an additional 1,750 shares during the last quarter. Allworth Financial LP grew its holdings in KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after buying an additional 2,089 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BEKE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a report on Wednesday. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Finally, Barclays increased their price target on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, KE currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

KE Trading Down 0.5%

KE stock opened at $14.23 on Friday. The business has a 50 day moving average price of $16.67 and a two-hundred day moving average price of $16.76. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.98. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 33.89 and a beta of -0.36.

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

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.