Fox Run Management L.L.C. Increases Stake in KE Holdings Inc. Sponsored ADR $BEKE

Fox Run Management L.L.C. increased its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 263.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,504 shares of the company’s stock after purchasing an additional 49,636 shares during the quarter. Fox Run Management L.L.C.’s holdings in KE were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of KE by 73.3% in the first quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after buying an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after acquiring an additional 1,797 shares during the last quarter. Strs Ohio purchased a new position in KE in the 1st quarter worth approximately $44,000. Envestnet Asset Management Inc. lifted its position in KE by 17.5% in the second quarter. Envestnet Asset Management Inc. now owns 240,170 shares of the company’s stock valued at $4,261,000 after purchasing an additional 35,781 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after purchasing an additional 2,602 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

Shares of NYSE BEKE opened at $17.63 on Thursday. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17. The stock has a market capitalization of $20.60 billion, a P/E ratio of 41.97, a P/E/G ratio of 2.19 and a beta of -0.64. The company’s 50-day moving average is $17.37 and its 200 day moving average is $17.76.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BEKE. UBS 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 note on Friday, October 31st. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Barclays set a $23.00 target price on shares of KE in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, KE has a consensus rating of “Moderate Buy” and an average price target of $22.40.

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.