Quantinno Capital Management LP Buys 59,079 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Quantinno Capital Management LP raised its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 86.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,216 shares of the company’s stock after purchasing an additional 59,079 shares during the period. Quantinno Capital Management LP’s holdings in KE were worth $1,904,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BEKE. Bayforest Capital Ltd bought a new stake in shares of KE during the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its stake in KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after buying an additional 1,750 shares during the last quarter. Strs Ohio acquired a new position in KE in the 1st quarter valued at $44,000. Allworth Financial LP raised its holdings in KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares during the period. Finally, Franchise GP Ltd bought a new position in KE in the 4th quarter worth $63,000. Institutional investors own 39.34% of the company’s stock.

KE Stock Down 4.0%

NYSE BEKE opened at $16.94 on Wednesday. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.81 and a twelve month high of $20.98. The stock has a market cap of $18.96 billion, a PE ratio of 40.34 and a beta of -0.29. The firm has a 50-day simple moving average of $16.04 and a 200 day simple moving average of $16.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Monday, May 4th. Barclays boosted their price objective on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Citigroup restated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. Wall Street Zen lowered KE from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.28.

About KE

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.