QRG Capital Management Inc. Has $317,000 Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

QRG Capital Management Inc. grew its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 63.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,895 shares of the company’s stock after acquiring an additional 6,958 shares during the quarter. QRG Capital Management Inc.’s holdings in KE were worth $317,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of KE in the 1st quarter valued at approximately $34,000. Strs Ohio acquired a new stake in KE during the 1st quarter valued at $44,000. Wealthquest Corp acquired a new stake in KE during the 1st quarter valued at $79,000. Brooklyn Investment Group boosted its position in KE by 3,813.6% during the first quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock worth $116,000 after purchasing an additional 5,606 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of KE by 7.1% in the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

BEKE has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of KE from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Barclays decreased their price objective on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. Finally, Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.54.

KE Stock Down 3.8%

BEKE stock opened at $17.67 on Friday. The company has a market cap of $21.04 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.14 and a beta of -0.67. The business has a 50-day simple moving average of $18.72 and a 200 day simple moving average of $18.96. KE Holdings Inc. Sponsored ADR has a 52 week low of $16.05 and a 52 week high of $25.17.

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.