KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Stock Position Decreased by M&T Bank Corp

M&T Bank Corp decreased its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,554 shares of the company’s stock after selling 6,351 shares during the quarter. M&T Bank Corp’s holdings in KE were worth $975,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after buying an additional 11,182,265 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in KE by 3,203.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company’s stock worth $160,769,000 after purchasing an additional 7,760,169 shares during the last quarter. Norges Bank bought a new stake in KE during the fourth quarter worth approximately $130,167,000. Aspex Management HK Ltd acquired a new position in KE during the fourth quarter valued at approximately $119,996,000. Finally, Nuveen Asset Management LLC raised its position in shares of KE by 504.2% in the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company’s stock valued at $103,949,000 after purchasing an additional 4,709,266 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BEKE has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of KE from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. UBS Group raised KE from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Citigroup cut their price objective on KE from $25.80 to $24.80 and set a “buy” rating for the company in a research report on Friday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their price objective on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.16.

KE Stock Up 2.9%

Shares of BEKE opened at $19.03 on Tuesday. The stock’s 50-day moving average price is $18.72 and its 200 day moving average price is $19.33. KE Holdings Inc. Sponsored ADR has a 12-month low of $12.92 and a 12-month high of $26.05. The firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 1.26 and a beta of -0.76.

About KE

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.