Schroder Investment Management Group Cuts Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Schroder Investment Management Group cut its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,707,334 shares of the company’s stock after selling 779,782 shares during the period. Schroder Investment Management Group’s holdings in KE were worth $108,439,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BEKE. Artisan Partners Limited Partnership raised its holdings in KE by 78.7% during 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. Norges Bank purchased a new position in shares of KE in the 2nd quarter valued at $124,616,000. Legal & General Group Plc grew its position in shares of KE by 6.0% in 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. raised its stake in KE by 29.5% during the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock worth $60,988,000 after acquiring an additional 783,938 shares in the last quarter. Finally, Athos Capital Ltd acquired a new position in KE in the third quarter valued at $47,500,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Performance

Shares of BEKE opened at $16.63 on Tuesday. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17. The company’s 50 day simple moving average is $17.46 and its 200 day simple moving average is $17.67. The company has a market capitalization of $19.43 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 2.13 and a beta of -0.62.

Wall Street Analyst Weigh In

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

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.