M&G PLC Increases Stake in KE Holdings Inc. Sponsored ADR $BEKE

M&G PLC lifted its position in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 18.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 542,446 shares of the company’s stock after acquiring an additional 83,941 shares during the quarter. M&G PLC’s holdings in KE were worth $10,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BEKE. Royal Bank of Canada raised its position in KE by 73.3% in the 1st quarter. Royal Bank of Canada now owns 467,520 shares of the company’s stock worth $9,392,000 after purchasing an additional 197,734 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of KE by 21.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,011 shares of the company’s stock valued at $201,000 after buying an additional 1,797 shares during the last quarter. Strs Ohio purchased a new stake in shares of KE in the first quarter worth approximately $44,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of KE by 68.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,715 shares of the company’s stock worth $580,000 after acquiring an additional 13,276 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in KE during the 2nd quarter valued at $550,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BEKE has been the topic of several research analyst reports. The Goldman Sachs Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, February 2nd. 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 report on Friday, October 31st. Wall Street Zen downgraded shares of KE from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, KE presently has an average rating of “Moderate Buy” and an average price target of $22.69.

KE Trading Down 1.0%

Shares of KE stock opened at $17.55 on Tuesday. The stock’s fifty day moving average price is $17.31 and its 200-day moving average price is $17.79. The firm has a market cap of $20.51 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.25 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a 12 month low of $15.26 and a 12 month high of $25.17.

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.