Greenwoods Asset Management Hong Kong Ltd. Decreases Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Greenwoods Asset Management Hong Kong Ltd. lowered its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,676,995 shares of the company’s stock after selling 963,711 shares during the quarter. KE accounts for 1.6% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 15th largest position. Greenwoods Asset Management Hong Kong Ltd.’s holdings in KE were worth $69,863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BEKE. Royal Bank of Canada lifted its holdings in shares of KE by 73.3% during the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after buying an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after acquiring an additional 1,797 shares during the period. Strs Ohio purchased a new position in KE in the first quarter worth about $44,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of KE during the 2nd quarter valued at about $550,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in KE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 27,637 shares of the company’s stock valued at $506,000 after buying an additional 735 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

KE Price Performance

Shares of BEKE opened at $17.29 on Friday. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 2.19 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17. The business’s 50 day simple moving average is $17.32 and its 200-day simple moving average is $17.77.

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.