Alkeon Capital Management LLC Lowers Position in KE Holdings Inc. Sponsored ADR $BEKE

Alkeon Capital Management LLC lessened its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 49.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,093,559 shares of the company’s stock after selling 1,054,164 shares during the period. Alkeon Capital Management LLC’s holdings in KE were worth $17,234,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BEKE. Temasek Holdings Private Ltd raised its stake in shares of KE by 75.8% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,165,851 shares of the company’s stock worth $41,151,000 after buying an additional 933,859 shares during the period. Oasis Management Co Ltd. raised its stake in shares of KE by 44.8% during the 3rd quarter. Oasis Management Co Ltd. now owns 333,026 shares of the company’s stock worth $6,327,000 after buying an additional 103,026 shares during the period. Jain Global LLC acquired a new position in shares of KE during the 3rd quarter worth approximately $11,470,000. Maven Securities LTD acquired a new position in shares of KE during the 3rd quarter worth approximately $1,900,000. Finally, SG Americas Securities LLC raised its stake in shares of KE by 120.4% during the 4th quarter. SG Americas Securities LLC now owns 484,603 shares of the company’s stock worth $7,637,000 after buying an additional 264,777 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BEKE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Friday, March 27th. Citigroup reaffirmed a “buy” rating on shares of KE in a research note on Tuesday, May 19th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Barclays upped their target price on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Griffin Securities set a $24.40 target price on KE in a research note on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

KE Stock Down 1.9%

NYSE BEKE opened at $16.57 on Tuesday. The business has a fifty day moving average price of $16.79 and a 200 day moving average price of $16.88. KE Holdings Inc. Sponsored ADR has a one year low of $14.40 and a one year high of $20.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market cap of $18.54 billion, a P/E ratio of 39.44 and a beta of -0.36.

KE (NYSE:BEKE) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.02 EPS for the quarter. KE had a return on equity of 5.47% and a net margin of 3.77%.The firm had revenue of $3.17 billion during the quarter. Research analysts anticipate that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.

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.