Swedbank AB Boosts Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Swedbank AB raised its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 21.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,435 shares of the company’s stock after acquiring an additional 36,542 shares during the period. Swedbank AB’s holdings in KE were worth $3,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new stake in KE during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after buying an additional 1,750 shares in the last quarter. Strs Ohio acquired a new position in KE during the first quarter valued at approximately $44,000. Allworth Financial LP grew its stake in KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after buying an additional 2,089 shares during the period. Finally, Franchise GP Ltd purchased a new stake in KE during the fourth quarter worth approximately $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on BEKE. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Citigroup reiterated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. The Goldman Sachs Group upgraded KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, May 4th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, May 12th. Finally, Barclays upped their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

KE Stock Performance

Shares of NYSE:BEKE traded up $0.30 during trading on Friday, reaching $15.55. 2,434,478 shares of the company’s stock traded hands, compared to its average volume of 3,603,582. The stock has a market capitalization of $17.40 billion, a P/E ratio of 37.04 and a beta of -0.33. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.98. The company has a 50 day moving average of $16.46 and a 200-day moving average of $16.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.

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.