Voya Investment Management LLC Buys 1,973 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Voya Investment Management LLC raised its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,249 shares of the company’s stock after buying an additional 1,973 shares during the quarter. Voya Investment Management LLC’s holdings in KE were worth $969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after purchasing an additional 5,490,172 shares during the period. Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of KE by 777.5% during the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock valued at $95,866,000 after acquiring an additional 4,228,006 shares during the period. Nuveen LLC bought a new position in shares of KE during the 1st quarter valued at approximately $81,473,000. Finally, National Bank of Canada FI bought a new position in shares of KE during the 1st quarter valued at approximately $54,759,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of BEKE stock opened at $19.20 on Thursday. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.63 and a 1-year high of $26.05. The stock’s 50-day moving average is $18.75 and its 200 day moving average is $19.27. The company has a market cap of $22.86 billion, a P/E ratio of 40.85, a PEG ratio of 2.27 and a beta of -0.76.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BEKE shares. Jefferies Financial Group set a $22.00 price target on KE and gave the stock a “buy” rating in a report on Tuesday, August 26th. Barclays decreased their price target on KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Wall Street Zen lowered KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. cut their price objective on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, KE currently has an average rating of “Buy” and an average price target of $24.54.

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.