Lighthouse Investment Partners LLC Takes Position in KE Holdings Inc. Sponsored ADR $BEKE

Lighthouse Investment Partners LLC bought a new position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 262,000 shares of the company’s stock, valued at approximately $4,978,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Strs Ohio bought a new stake in KE during the first quarter worth approximately $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after buying an additional 2,257 shares in the last quarter. Franchise Capital Ltd bought a new position in shares of KE in the third quarter valued at $76,000. Parallel Advisors LLC lifted 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 valued at $98,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the 2nd quarter valued at $116,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. The Goldman Sachs Group lowered KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Monday, February 2nd. Wall Street Zen raised KE from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barclays set a $23.00 price objective on KE in a report on Thursday, February 19th. Five equities 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.com, KE currently has a consensus rating of “Moderate Buy” and an average target price of $22.40.

KE Stock Performance

NYSE BEKE opened at $16.90 on Tuesday. The firm’s 50 day moving average price is $17.52 and its two-hundred 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 cap of $19.75 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 2.03 and a beta of -0.62.

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.