Barings LLC Sells 621,618 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Barings LLC reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 54.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 529,988 shares of the company’s stock after selling 621,618 shares during the quarter. Barings LLC’s holdings in KE were worth $9,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of KE by 18.6% during the second quarter. American Century Companies Inc. now owns 1,140,263 shares of the company’s stock valued at $20,228,000 after buying an additional 178,735 shares during the period. Franklin Resources Inc. grew its holdings in shares of KE by 8.7% during the 2nd quarter. Franklin Resources Inc. now owns 688,698 shares of the company’s stock worth $12,218,000 after acquiring an additional 55,075 shares during the period. Legal & General Group Plc raised its position in shares of KE by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock worth $83,521,000 after acquiring an additional 265,429 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of KE by 9.4% in the 2nd quarter. DNB Asset Management AS now owns 56,200 shares of the company’s stock valued at $997,000 after purchasing an additional 4,821 shares during the period. Finally, Rovida Advisors Inc. purchased a new position in shares of KE in the 2nd quarter valued at approximately $9,752,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEKE has been the subject of a number of research reports. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, August 12th. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Friday, October 31st. Jefferies Financial Group set a $22.00 price objective on shares of KE and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Barclays lowered their target price on shares of KE from $33.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 15th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, KE presently has an average rating of “Moderate Buy” and an average price target of $23.30.

KE Stock Performance

Shares of BEKE stock opened at $17.50 on Friday. The company has a market capitalization of $20.84 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 3.33 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a one year low of $15.39 and a one year high of $25.17. The company’s 50-day moving average is $18.06 and its 200 day moving average is $18.42.

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.