Allianz Asset Management GmbH Has $3.42 Million Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Allianz Asset Management GmbH trimmed its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 81.1% during the second quarter, HoldingsChannel.com reports. The fund owned 192,929 shares of the company’s stock after selling 829,929 shares during the period. Allianz Asset Management GmbH’s holdings in KE were worth $3,423,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its position in shares of KE by 7.1% in the 2nd quarter. Signaturefd LLC now owns 8,935 shares of the company’s stock valued at $159,000 after acquiring an additional 590 shares during the period. GAMMA Investing LLC acquired a new stake in shares of KE in the 1st quarter valued at approximately $34,000. Cigna Investments Inc. New raised its holdings in KE by 15.6% during the 1st quarter. Cigna Investments Inc. New now owns 12,847 shares of the company’s stock worth $258,000 after buying an additional 1,737 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in KE by 1.1% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 169,159 shares of the company’s stock worth $3,398,000 after buying an additional 1,774 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in KE by 21.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock worth $201,000 after buying an additional 1,797 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on BEKE shares. Barclays dropped their target price on shares of KE from $33.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 15th. JPMorgan Chase & Co. dropped their target price on shares of KE from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. Jefferies Financial Group set a $22.00 target price on shares of KE and gave the stock a “buy” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KE in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, KE presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.54.

KE Stock Down 0.2%

Shares of BEKE opened at $18.41 on Friday. The stock has a market capitalization of $21.92 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.24 and a beta of -0.67. KE Holdings Inc. Sponsored ADR has a twelve month low of $16.05 and a twelve month high of $25.17. The company has a 50 day moving average of $18.81 and a 200-day moving average of $18.86.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.