Jain Global LLC Makes New $11.47 Million Investment in KE Holdings Inc. Sponsored ADR $BEKE

Jain Global LLC purchased a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 603,700 shares of the company’s stock, valued at approximately $11,470,000.

Several other institutional investors and hedge funds have also modified their holdings of BEKE. Strs Ohio acquired a new stake in KE during the first quarter worth approximately $44,000. EverSource Wealth Advisors LLC raised its holdings in KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after acquiring an additional 2,257 shares during the last quarter. Franchise Capital Ltd purchased a new position in shares of KE during the 3rd quarter worth $76,000. Parallel Advisors LLC lifted its stake 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 purchasing an additional 2,298 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the second quarter worth $116,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Trading Up 1.0%

Shares of KE stock opened at $16.90 on Tuesday. The business’s fifty day moving average price is $17.52 and its 200 day moving average price is $17.62. KE Holdings Inc. Sponsored ADR has a twelve month low of $15.26 and a twelve month high of $25.17. The stock has a market capitalization of $19.75 billion, a P/E ratio of 40.23, a PEG ratio of 2.03 and a beta of -0.62.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Monday, February 2nd. Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, Barclays set a $23.00 price objective on shares of KE in a research note on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, KE has an average rating of “Moderate Buy” and a consensus target price 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.