Aberdeen Group plc Sells 36,234 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Aberdeen Group plc lessened its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,090 shares of the company’s stock after selling 36,234 shares during the period. Aberdeen Group plc’s holdings in KE were worth $5,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of KE in the first quarter worth about $44,000. Hantz Financial Services Inc. grew its holdings in KE by 599.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after buying an additional 2,602 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 2,257 shares during the last quarter. Franchise Capital Ltd purchased a new stake in shares of KE during the 3rd quarter worth approximately $76,000. Finally, Quantbot Technologies LP purchased a new stake in shares of KE during the 2nd quarter worth approximately $116,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Price Performance

KE stock opened at $17.29 on Friday. The firm has a market capitalization of $20.20 billion, a P/E ratio of 41.16, a price-to-earnings-growth ratio of 2.19 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.26 and a 1-year high of $25.17. The company’s 50-day moving average is $17.32 and its 200 day moving average is $17.77.

Analysts Set New Price Targets

BEKE has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, October 31st. Finally, Barclays set a $23.00 price target on KE in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

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.