Vise Technologies Inc. Buys 28,733 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Vise Technologies Inc. raised its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 66.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 72,074 shares of the company’s stock after acquiring an additional 28,733 shares during the period. Vise Technologies Inc.’s holdings in KE were worth $1,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of KE during the 3rd quarter worth approximately $63,000. EverSource Wealth Advisors LLC lifted its stake in shares of KE by 37.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after purchasing an additional 1,543 shares during the period. Basecamp Wealth Advisors LLC boosted its position in shares of KE by 9.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after purchasing an additional 704 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of KE by 66.3% during the first quarter. Parallel Advisors LLC now owns 8,814 shares of the company’s stock valued at $132,000 after purchasing an additional 3,514 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of KE by 28.1% during the first quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock valued at $210,000 after purchasing an additional 3,073 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Up 0.2%

BEKE stock opened at $18.86 on Friday. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.81 and a twelve month high of $19.88. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.01. The firm has a market cap of $21.10 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 0.61 and a beta of -0.27. The business has a 50 day moving average of $17.25 and a 200 day moving average of $16.87.

KE (NYSE:BEKE) last released its earnings results on Friday, August 21st. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.59 billion. On average, research analysts forecast that KE Holdings Inc. Sponsored ADR will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. CLSA assumed coverage on KE in a research note on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 price target on the stock. Zacks Research lowered KE from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Morgan Stanley restated an “overweight” rating on shares of KE in a report on Friday, August 21st. Weiss Ratings raised shares of KE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.64.

Insider Buying and Selling at KE

In other news, CEO Yongdong Peng sold 16,033,983 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the completion of the transaction, the chief executive officer directly owned 62,824,251 shares in the company, valued at $331,083,802.77. This trade represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yigang Shan sold 3,326,670 shares of KE stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $5.44, for a total value of $18,097,084.80. Following the completion of the transaction, the director directly owned 53,868,189 shares of the company’s stock, valued at approximately $293,042,948.16. This represents a 5.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.80% of the stock is owned by company insiders.

KE Company Profile

KE Holdings Inc operates Beike, a real estate services platform in China that connects consumers with agents and other housing service providers. Its services include existing-home and new-home sales, residential rentals, and related services such as property management and home renovation.

The company’s business traces its roots to Lianjia, a real estate brokerage founded in Beijing in 2001 by Zuo Hui. KE Holdings was established in 2018, and its Beike platform brings together Lianjia and other participating agencies.

KE Holdings serves customers across China.