KE Holdings Inc. Sponsored ADR $BEKE is CoreView Capital Management Ltd’s 6th Largest Position

CoreView Capital Management Ltd lessened its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,120,377 shares of the company’s stock after selling 207,358 shares during the quarter. KE comprises about 6.2% of CoreView Capital Management Ltd’s holdings, making the stock its 6th largest holding. CoreView Capital Management Ltd owned approximately 0.27% of KE worth $49,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. DNB Asset Management AS boosted its stake in shares of KE by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock valued at $1,083,000 after buying an additional 801 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of KE by 8.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after buying an additional 809 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of KE by 2.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock valued at $596,000 after buying an additional 970 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of KE by 39.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after buying an additional 1,490 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of KE by 10.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after buying an additional 1,671 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Down 2.8%

BEKE stock opened at $16.11 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12. KE Holdings Inc. Sponsored ADR has a 1-year low of $14.40 and a 1-year high of $20.98. The firm has a fifty day moving average price of $16.82 and a two-hundred day moving average price of $16.88. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 38.35 and a beta of -0.36.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share 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 during the quarter. Research analysts predict that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BEKE. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Wall Street Zen upgraded KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Griffin Securities set a $24.40 target price on KE in a research note on Wednesday, April 8th. Barclays increased their target price on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Citigroup reiterated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. 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.com, KE has an average rating of “Moderate Buy” and an average target price of $23.07.

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.