Lansforsakringar Fondforvaltning AB publ Sells 71,230 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Lansforsakringar Fondforvaltning AB publ lowered its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 79.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,723 shares of the company’s stock after selling 71,230 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in KE were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BEKE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of KE by 8.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock valued at $192,000 after acquiring an additional 809 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in KE by 2.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after purchasing an additional 970 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in KE by 10.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 18,011 shares of the company’s stock valued at $284,000 after purchasing an additional 1,671 shares during the period. US Bancorp DE boosted its holdings in KE by 17.1% in the 3rd quarter. US Bancorp DE now owns 11,983 shares of the company’s stock valued at $228,000 after purchasing an additional 1,746 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of KE by 330.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after purchasing an additional 1,750 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of KE in a report on Tuesday, May 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Barclays increased their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. The Goldman Sachs Group upgraded KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Monday, May 4th. Finally, Griffin Securities set a $24.40 price objective on KE in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

KE Stock Performance

NYSE BEKE opened at $15.11 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 35.98 and a beta of -0.33. The firm’s 50 day simple moving average is $16.54 and its 200 day simple moving average is $16.68. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.81 and a 1 year high of $20.98.

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.