Bamco Inc. NY Sells 33,056 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Bamco Inc. NY lessened its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,756,357 shares of the company’s stock after selling 33,056 shares during the period. Bamco Inc. NY owned approximately 0.15% of KE worth $33,371,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in KE by 4.5% in the 3rd quarter. Wellington Management Group LLP now owns 12,112,097 shares of the company’s stock valued at $230,130,000 after buying an additional 521,313 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of KE by 78.7% during the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after buying an additional 3,315,704 shares during the last quarter. Norges Bank acquired a new position in shares of KE during the second quarter worth approximately $124,616,000. Legal & General Group Plc boosted its position in shares of KE by 6.0% in the second quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock valued at $83,521,000 after acquiring an additional 265,429 shares during the period. Finally, Baird Financial Group Inc. grew its stake in shares of KE by 29.5% in the second quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock worth $60,988,000 after acquiring an additional 783,938 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BEKE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs 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 Monday, February 2nd. Finally, Barclays set a $23.00 price objective on shares of KE in a research report on Thursday, February 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

KE Trading Up 1.6%

BEKE opened at $16.72 on Monday. The stock’s 50 day simple moving average is $17.53 and its 200-day simple moving average is $17.63. The stock has a market cap of $19.54 billion, a PE ratio of 39.80, a P/E/G ratio of 2.03 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17.

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.