KE Holdings Inc. Sponsored ADR $BEKE Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,282,576 shares of the company’s stock after purchasing an additional 205,205 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.11% of KE worth $25,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BEKE. Mirae Asset Global Investments Co. Ltd. grew its stake in KE by 3,203.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,002,448 shares of the company’s stock valued at $160,769,000 after acquiring an additional 7,760,169 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of KE during the 4th quarter valued at about $119,996,000. Nuveen Asset Management LLC lifted its holdings in shares of KE by 504.2% during the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company’s stock valued at $103,949,000 after buying an additional 4,709,266 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in KE in the 4th quarter worth approximately $44,737,000. Finally, Northern Trust Corp lifted its holdings in KE by 180.1% in the 4th quarter. Northern Trust Corp now owns 3,699,677 shares of the company’s stock worth $68,148,000 after purchasing an additional 2,378,858 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Performance

KE stock opened at $18.3550 on Thursday. The firm has a market cap of $21.86 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.63 and a beta of -0.76. The business’s fifty day moving average is $18.42 and its two-hundred day moving average is $19.54. KE Holdings Inc. Sponsored ADR has a 52 week low of $13.28 and a 52 week high of $26.05.

Analyst Ratings Changes

Several research firms recently weighed in on BEKE. Wall Street Zen lowered KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. cut their price target on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Barclays lowered their price objective on KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 15th. Citigroup lowered their price objective on KE from $25.80 to $24.80 and set a “buy” rating on the stock in a research report on Friday, May 16th. Finally, UBS Group upgraded KE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $22.10 to $23.00 in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.97.

KE Profile

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.