Aviva PLC Has $8.84 Million Stake in KE Holdings Inc. Sponsored ADR $BEKE

Aviva PLC increased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 498,395 shares of the company’s stock after acquiring an additional 7,055 shares during the quarter. Aviva PLC’s holdings in KE were worth $8,842,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of KE by 299.4% in the first 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 last quarter. Siren L.L.C. boosted its holdings in shares of KE by 75.0% during the 1st quarter. Siren L.L.C. now owns 105,000 shares of the company’s stock worth $2,109,000 after buying an additional 45,000 shares during the period. Acadian Asset Management LLC bought a new stake in shares of KE during the 1st quarter worth about $1,479,000. Axiom Investors LLC DE acquired a new position in KE in the 1st quarter valued at about $25,547,000. Finally, Bank of New York Mellon Corp raised its holdings in KE by 13.4% in the 1st quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock valued at $14,897,000 after acquiring an additional 87,659 shares during the period. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BEKE. JPMorgan Chase & Co. reduced their price objective on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. 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. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a research report on Wednesday, October 8th. Finally, Barclays dropped their target price on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, KE has an average rating of “Moderate Buy” and a consensus price target of $23.30.

KE Price Performance

Shares of NYSE BEKE opened at $16.70 on Thursday. The stock has a market capitalization of $19.88 billion, a PE ratio of 39.75, a P/E/G ratio of 2.97 and a beta of -0.64. The business has a fifty day moving average price of $18.44 and a two-hundred day moving average price of $18.61. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $15.39 and a fifty-two week high of $25.17.

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.