Mitsubishi UFJ Trust & Banking Corp Raises Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Mitsubishi UFJ Trust & Banking Corp raised its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 897.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,740,683 shares of the company’s stock after buying an additional 1,566,253 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.15% of KE worth $33,073,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of KE by 73.3% in the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after acquiring an additional 197,734 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in KE by 21.9% in the first 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 KE in the first quarter valued at approximately $44,000. Signaturefd LLC lifted its stake in KE by 7.1% during the second quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock worth $159,000 after purchasing an additional 590 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of KE by 63.6% during the second quarter. QRG Capital Management Inc. now owns 17,895 shares of the company’s stock worth $317,000 after buying an additional 6,958 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

BEKE opened at $18.21 on Monday. The business has a fifty day moving average price of $16.88 and a 200 day moving average price of $17.87. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17. The stock has a market capitalization of $20.72 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 2.36 and a beta of -0.63.

Analysts Set New Price Targets

BEKE has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. UBS 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 note on Friday, October 31st. Finally, Wall Street Zen raised shares of KE from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

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.