Signaturefd LLC Buys 590 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Signaturefd LLC lifted its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,935 shares of the company’s stock after buying an additional 590 shares during the period. Signaturefd LLC’s holdings in KE were worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BEKE. GAMMA Investing LLC purchased a new position in shares of KE in the 1st quarter worth approximately $34,000. E. Ohman J or Asset Management AB boosted its stake in shares of KE by 13.4% in the 1st quarter. E. Ohman J or Asset Management AB now owns 50,700 shares of the company’s stock worth $1,019,000 after buying an additional 6,000 shares during the last quarter. First Affirmative Financial Network boosted its stake in shares of KE by 4.2% in the 1st quarter. First Affirmative Financial Network now owns 14,887 shares of the company’s stock worth $299,000 after buying an additional 599 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of KE by 414.7% in the 1st quarter. Union Bancaire Privee UBP SA now owns 119,692 shares of the company’s stock worth $2,354,000 after buying an additional 96,436 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of KE in the 1st quarter worth approximately $200,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Saturday, September 27th. JPMorgan Chase & Co. cut their target price on KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen downgraded KE from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Barclays dropped their price objective on KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 price objective on KE and gave the company a “buy” rating in a research note on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, KE has an average rating of “Moderate Buy” and an average price target of $24.54.

KE Stock Performance

KE stock opened at $18.71 on Friday. The stock has a market cap of $22.27 billion, a P/E ratio of 39.80, a PEG ratio of 2.30 and a beta of -0.67. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $16.05 and a fifty-two week high of $26.05. The firm’s fifty day moving average price is $18.75 and its 200-day moving average price is $19.07.

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.