KE Holdings Inc. Sponsored ADR $BEKE Stock Holdings Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 44.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,663 shares of the company’s stock after selling 29,675 shares during the quarter. GSA Capital Partners LLP’s holdings in KE were worth $697,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of KE in the 1st quarter valued at approximately $44,000. Hantz Financial Services Inc. boosted its holdings in KE by 599.5% in the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock worth $54,000 after purchasing an additional 2,602 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares during the period. Franchise Capital Ltd bought a new stake in KE during the third quarter valued at $76,000. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the second quarter worth $116,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BEKE. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Barclays set a $23.00 target price on KE in a research note on Thursday. UBS Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Finally, 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 note on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.40.

KE Trading Up 1.0%

BEKE opened at $17.29 on Friday. The business’s 50 day moving average is $17.32 and its 200-day moving average is $17.77. The stock has a market cap of $20.20 billion, a PE ratio of 41.16, a price-to-earnings-growth ratio of 2.21 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a twelve month low of $15.26 and a twelve month high of $25.17.

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.