Ghisallo Capital Management LLC Takes Position in KE Holdings Inc. Sponsored ADR $BEKE

Ghisallo Capital Management LLC acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,500,000 shares of the company’s stock, valued at approximately $47,500,000. KE comprises approximately 1.5% of Ghisallo Capital Management LLC’s investment portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new position in KE in the first quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares during the last quarter. Franchise Capital Ltd acquired a new position in shares of KE during the 3rd quarter worth about $76,000. Parallel Advisors LLC boosted its position in shares of KE by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock worth $98,000 after acquiring an additional 2,298 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of KE in the 2nd quarter valued at about $116,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

KE stock opened at $16.72 on Friday. The company has a market capitalization of $19.54 billion, a P/E ratio of 39.80, a PEG ratio of 2.11 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $15.26 and a fifty-two week high of $25.17. The stock has a 50-day simple moving average of $17.53 and a 200-day simple moving average of $17.63.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BEKE. The Goldman Sachs 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 Monday, February 2nd. Wall Street Zen upgraded shares of KE from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays set a $23.00 price objective on shares of KE in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, KE has an average rating of “Moderate Buy” and a consensus price target of $22.40.

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.