KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 33.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 204,389 shares of the company’s stock after selling 101,324 shares during the period. Envestnet Asset Management Inc.’s holdings in KE were worth $4,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in KE by 13.4% during the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock worth $14,897,000 after purchasing an additional 87,659 shares during the period. Asset Management One Co. Ltd. grew its position in shares of KE by 14.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 123,886 shares of the company’s stock valued at $2,489,000 after acquiring an additional 15,802 shares during the period. GAMMA Investing LLC acquired a new stake in shares of KE during the 1st quarter valued at about $34,000. Polymer Capital Management HK LTD grew its position in shares of KE by 106.5% during the 4th quarter. Polymer Capital Management HK LTD now owns 564,845 shares of the company’s stock valued at $10,404,000 after acquiring an additional 291,291 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of KE by 12.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,357,958 shares of the company’s stock valued at $25,014,000 after acquiring an additional 153,581 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BEKE shares. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and raised their target price for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Citigroup dropped their price objective on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a report on Friday, May 16th. Finally, Wall Street Zen lowered KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.16.

KE Trading Down 1.2%

Shares of KE stock opened at $19.50 on Friday. The firm has a market capitalization of $23.57 billion, a PE ratio of 36.80, a P/E/G ratio of 1.47 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $12.92 and a twelve month high of $26.05. The firm’s 50-day moving average price is $18.59 and its 200 day moving average price is $19.39.

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.