ABC Arbitrage SA Makes New $1.92 Million Investment in KE Holdings Inc. Sponsored ADR $BEKE

ABC Arbitrage SA acquired a new stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 101,237 shares of the company’s stock, valued at approximately $1,924,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in KE by 73.3% during the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock valued at $9,392,000 after purchasing an additional 197,734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of KE by 21.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after purchasing an additional 1,797 shares during the last quarter. Strs Ohio bought a new position in shares of KE in the first quarter valued at approximately $44,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of KE by 68.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,715 shares of the company’s stock valued at $580,000 after buying an additional 13,276 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in KE during the second quarter worth $213,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

NYSE:BEKE opened at $18.48 on Wednesday. The company has a market capitalization of $21.60 billion, a P/E ratio of 44.00, a P/E/G ratio of 2.42 and a beta of -0.64. The business has a fifty day simple moving average of $17.24 and a two-hundred day simple moving average of $17.82. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17.

Analyst Ratings Changes

Several equities analysts have weighed in on BEKE shares. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Friday, October 31st. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.69.

KE Company Profile

KE Holdings Inc (NYSE: BEKE) is a technology-driven real estate services company that operates an integrated online and offline platform for housing transactions and related services in mainland China. The company provides consumer-facing property listing marketplaces alongside a broad network of offline brokerage offices and agents, aiming to facilitate sales, rentals and new-home transactions for individual and institutional clients.

The company’s offerings span property listings for new and resale homes, rental listings, brokerage representation and transaction facilitation.