Dymon Asia Capital Singapore PTE. LTD. Trims Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Dymon Asia Capital Singapore PTE. LTD. trimmed its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,795 shares of the company’s stock after selling 50,000 shares during the period. KE accounts for about 0.7% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 3rd biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in KE were worth $4,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of KE by 7.1% during the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after acquiring an additional 590 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of KE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock worth $506,000 after purchasing an additional 735 shares during the period. Savant Capital LLC increased its holdings in KE by 10.6% in the second quarter. Savant Capital LLC now owns 16,743 shares of the company’s stock valued at $297,000 after purchasing an additional 1,601 shares during the last quarter. Cigna Investments Inc. New lifted its stake in KE by 15.6% in the first quarter. Cigna Investments Inc. New now owns 12,847 shares of the company’s stock valued at $258,000 after buying an additional 1,737 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in KE by 21.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after buying an additional 1,797 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BEKE shares. Jefferies Financial Group set a $22.00 price target on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, October 31st. Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Finally, Barclays lowered their price objective on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

KE Stock Performance

Shares of BEKE opened at $16.45 on Wednesday. The firm has a market cap of $18.72 billion, a P/E ratio of 39.17, a PEG ratio of 3.25 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a twelve month low of $15.39 and a twelve month high of $25.17. The firm’s 50 day moving average price is $17.43 and its two-hundred day moving average price is $18.23.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.