KE Holdings Inc. Sponsored ADR $BEKE Position Trimmed by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 29.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,379 shares of the company’s stock after selling 189,675 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KE were worth $8,652,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BEKE. Artisan Partners Limited Partnership grew its position in KE by 78.7% during the second quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock valued at $133,522,000 after purchasing an additional 3,315,704 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 acquiring an additional 5,490,172 shares in the last quarter. Norges Bank purchased a new position in shares of KE during the 2nd quarter valued at $124,616,000. Legal & General Group Plc increased its stake in shares of KE by 6.0% in the second quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock worth $83,521,000 after acquiring an additional 265,429 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of KE by 29.5% during the second 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. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

BEKE opened at $17.04 on Friday. The company has a market cap of $19.38 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 2.24 and a beta of -0.63. The stock has a 50-day moving average of $16.61 and a 200-day moving average of $17.90. KE Holdings Inc. Sponsored ADR has a 52-week low of $15.26 and a 52-week high of $25.17.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent research reports. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Finally, Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.30.

KE Company 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.