TT International Asset Management LTD Purchases 359,893 Shares of KE Holdings Inc. Sponsored ADR $BEKE

TT International Asset Management LTD grew its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 35.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,381,017 shares of the company’s stock after buying an additional 359,893 shares during the quarter. KE makes up about 3.7% of TT International Asset Management LTD’s investment portfolio, making the stock its 8th biggest position. TT International Asset Management LTD owned 0.12% of KE worth $26,239,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of KE in the 2nd quarter worth approximately $124,616,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in KE by 299.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,323,774 shares of the company’s stock valued at $147,135,000 after purchasing an additional 5,490,172 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. raised its position in KE by 777.5% in the 1st quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 4,771,806 shares of the company’s stock valued at $95,866,000 after purchasing an additional 4,228,006 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in KE by 78.7% in the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after purchasing an additional 3,315,704 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of KE by 3,916.3% during the second quarter. Assenagon Asset Management S.A. now owns 1,851,471 shares of the company’s stock worth $32,845,000 after purchasing an additional 1,805,372 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group set a $22.00 price target on KE and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of KE in a research report on Monday, December 8th. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.30.

KE Stock Down 4.1%

Shares of BEKE stock opened at $16.58 on Tuesday. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 3.29 and a beta of -0.65. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.39 and a 12 month high of $25.17. The stock has a 50-day moving average price of $17.28 and a 200 day moving average price of $18.19.

KE 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.