Athos Capital Ltd Takes $47.50 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Athos Capital Ltd acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,500,000 shares of the company’s stock, valued at approximately $47,500,000. KE comprises approximately 30.1% of Athos Capital Ltd’s portfolio, making the stock its biggest holding. Athos Capital Ltd owned approximately 0.21% of KE as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in KE during the 1st quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its position in shares of KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new stake in shares of KE in the 3rd quarter valued at $76,000. Parallel Advisors LLC boosted its stake in shares of KE by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock valued at $98,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the second quarter worth $116,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Monday, February 2nd. Wall Street Zen downgraded KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Finally, Barclays set a $23.00 price objective on KE in a research note on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

KE Stock Up 2.2%

Shares of BEKE stock opened at $16.66 on Friday. The firm has a 50 day moving average of $17.45 and a 200-day moving average of $17.69. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 2.13 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 52 week low of $15.26 and a 52 week high of $25.17.

About KE

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.