Vanguard Personalized Indexing Management LLC Purchases 13,276 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Vanguard Personalized Indexing Management LLC boosted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 68.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,715 shares of the company’s stock after acquiring an additional 13,276 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in KE were worth $580,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BEKE. GAMMA Investing LLC bought a new position in KE in the first quarter valued at about $34,000. Strs Ohio acquired a new position in shares of KE during the 1st quarter worth about $44,000. Wealthquest Corp acquired a new position in shares of KE during the 1st quarter worth about $79,000. Brooklyn Investment Group grew its position in shares of KE by 3,813.6% during the 1st quarter. Brooklyn Investment Group now owns 5,753 shares of the company’s stock worth $116,000 after buying an additional 5,606 shares during the period. Finally, Signaturefd LLC grew its position in shares of KE by 7.1% during the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock worth $159,000 after buying an additional 590 shares during the period. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

BEKE has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. Jefferies Financial Group set a $22.00 target price on KE and gave the stock a “buy” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their target price on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. Finally, Barclays decreased their target price on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.54.

KE Price Performance

NYSE:BEKE opened at $18.50 on Wednesday. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $16.05 and a fifty-two week high of $25.17. The stock has a market capitalization of $22.02 billion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 2.27 and a beta of -0.67. The business’s 50-day simple moving average is $18.81 and its 200-day simple moving average is $18.86.

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.