KE Holdings Inc. Sponsored ADR $BEKE Shares Sold by Myriad Asset Management US LP

Myriad Asset Management US LP reduced its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 70.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,865 shares of the company’s stock after selling 51,676 shares during the period. Myriad Asset Management US LP’s holdings in KE were worth $415,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership boosted its holdings in shares of KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after acquiring an additional 3,315,704 shares during the last quarter. Norges Bank purchased a new stake in KE in the second quarter valued at $124,616,000. Legal & General Group Plc raised its stake in shares of KE by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock valued at $83,521,000 after buying an additional 265,429 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of KE by 29.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after buying an additional 783,938 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of KE by 197.8% in the second quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock worth $42,957,000 after buying an additional 1,608,207 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Trading Up 0.2%

Shares of BEKE stock opened at $18.20 on Friday. The firm has a fifty day moving average price of $16.85 and a 200 day moving average price of $17.87. The company has a market cap of $20.71 billion, a P/E ratio of 43.33, a PEG ratio of 2.35 and a beta of -0.63. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen raised KE from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Finally, UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.30.

About KE

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.