Vanguard Group Inc. Sells 155,396 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Vanguard Group Inc. reduced its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,554,311 shares of the company’s stock after selling 155,396 shares during the period. Vanguard Group Inc. owned approximately 2.23% of KE worth $504,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in KE in the second quarter valued at $124,616,000. Artisan Partners Limited Partnership increased its position in shares of KE by 78.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after purchasing an additional 3,315,704 shares in the last quarter. Invesco Ltd. lifted its holdings in KE by 197.8% during the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after purchasing an additional 1,608,207 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in KE by 897.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,740,683 shares of the company’s stock valued at $33,073,000 after buying an additional 1,566,253 shares in the last quarter. Finally, Carrhae Capital LLP bought a new stake in KE during the second quarter worth about $24,147,000. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 3.1%

Shares of BEKE opened at $17.63 on Thursday. The stock has a market cap of $20.60 billion, a P/E ratio of 41.97, 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 stock’s 50-day moving average price is $17.37 and its two-hundred day moving average price is $17.76.

Wall Street Analyst Weigh In

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

KE 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.