KE Holdings Inc. Sponsored ADR $BEKE is Triata Capital Ltd’s 5th Largest Position

Triata Capital Ltd raised its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 8.0% in the third quarter, Holdings Channel reports. The fund owned 2,015,307 shares of the company’s stock after buying an additional 149,000 shares during the period. KE accounts for approximately 4.5% of Triata Capital Ltd’s investment portfolio, making the stock its 5th largest holding. Triata Capital Ltd’s holdings in KE were worth $38,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BEKE. Strs Ohio purchased a new stake in shares of KE in the first quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its position in KE by 145.1% during the second 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 in the last quarter. Franchise Capital Ltd acquired a new position in KE during the third quarter worth $76,000. Parallel Advisors LLC boosted its stake in KE by 79.7% during the third quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock worth $98,000 after buying an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in KE in the 2nd quarter valued at $116,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. The Goldman Sachs Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Monday, February 2nd. Barclays set a $23.00 target price on shares of KE in a research note on Thursday, February 19th. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, KE presently has an average rating of “Moderate Buy” and a consensus target price of $22.40.

KE Price Performance

Shares of BEKE opened at $16.66 on Friday. The firm has a 50-day simple moving average of $17.45 and a two-hundred day simple moving average of $17.69. The stock has a market cap of $19.47 billion, a PE ratio of 39.67, a P/E/G ratio of 2.13 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.26 and a 1-year high of $25.17.

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.