ABN Amro Investment Solutions Buys New Shares in KE Holdings Inc. Sponsored ADR $BEKE

ABN Amro Investment Solutions bought a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 94,588 shares of the company’s stock, valued at approximately $1,678,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BEKE. Bank of New York Mellon Corp increased its holdings in shares of KE by 13.4% in the first quarter. Bank of New York Mellon Corp now owns 741,494 shares of the company’s stock valued at $14,897,000 after purchasing an additional 87,659 shares during the period. Cerity Partners LLC purchased a new stake in KE in the first quarter valued at approximately $290,000. Massachusetts Financial Services Co. MA increased its holdings in KE by 55.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 133,280 shares of the company’s stock worth $2,678,000 after buying an additional 47,562 shares during the period. Ping Capital Management Inc. raised its position in KE by 15.6% during the 1st quarter. Ping Capital Management Inc. now owns 37,000 shares of the company’s stock worth $743,000 after buying an additional 5,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in KE during the 1st quarter valued at approximately $405,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Up 0.5%

BEKE opened at $16.83 on Friday. KE Holdings Inc. Sponsored ADR has a twelve month low of $15.39 and a twelve month high of $25.17. The company has a market cap of $20.04 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 3.03 and a beta of -0.64. The company has a 50-day moving average price of $18.36 and a 200 day moving average price of $18.57.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Wednesday, October 8th. Jefferies Financial Group set a $22.00 price objective on KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their price target 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 price target on KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.30.

KE Company 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.