Boothbay Fund Management LLC Takes $5.89 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Boothbay Fund Management LLC acquired a new stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 309,749 shares of the company’s stock, valued at approximately $5,885,000.

A number of other large investors have also bought and sold shares of BEKE. Wellington Management Group LLP lifted its stake in KE by 4.5% in the third 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 in the last quarter. Artisan Partners Limited Partnership increased its position 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 acquiring an additional 3,315,704 shares in the last quarter. Norges Bank acquired a new stake in shares of KE during the second quarter worth $124,616,000. Legal & General Group Plc raised its holdings in shares of KE by 6.0% during the second 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 during the period. Finally, Baird Financial Group Inc. lifted its position in KE by 29.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after acquiring an additional 783,938 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BEKE has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered 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 raised KE from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed 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 report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.40.

KE Trading Up 1.6%

Shares of BEKE opened at $16.72 on Monday. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.03 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17. The firm has a fifty day simple moving average of $17.53 and a 200 day simple moving average of $17.63.

KE 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.