Allianz Asset Management GmbH Has $2.23 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Allianz Asset Management GmbH lowered its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 39.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,401 shares of the company’s stock after selling 75,528 shares during the period. Allianz Asset Management GmbH’s holdings in KE were worth $2,231,000 as of its most recent SEC filing.

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

KE Trading Down 5.8%

Shares of KE stock opened at $17.74 on Friday. The company’s fifty day simple moving average is $17.30 and its 200-day simple moving average is $17.82. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17. The company has a market cap of $20.73 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 2.41 and a beta of -0.64.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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 cut KE from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.69.

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.