CoreView Capital Management Ltd Decreases Position in KE Holdings Inc. Sponsored ADR $BEKE

CoreView Capital Management Ltd cut its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 10.7% in the third quarter, HoldingsChannel reports. The fund owned 3,327,735 shares of the company’s stock after selling 400,000 shares during the period. KE makes up approximately 7.0% of CoreView Capital Management Ltd’s holdings, making the stock its 6th largest holding. CoreView Capital Management Ltd’s holdings in KE were worth $63,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. DNB Asset Management AS raised its stake in KE by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 57,001 shares of the company’s stock worth $1,083,000 after acquiring an additional 801 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of KE by 8.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,820 shares of the company’s stock worth $192,000 after purchasing an additional 809 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of KE by 39.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,302 shares of the company’s stock valued at $101,000 after purchasing an additional 1,490 shares during the period. Savant Capital LLC raised its position in shares of KE by 10.6% during the 2nd quarter. Savant Capital LLC now owns 16,743 shares of the company’s stock valued at $297,000 after purchasing an additional 1,601 shares during the period. Finally, US Bancorp DE lifted its stake in shares of KE by 17.1% during the 3rd quarter. US Bancorp DE now owns 11,983 shares of the company’s stock valued at $228,000 after buying an additional 1,746 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BEKE shares. Wall Street Zen upgraded KE from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. The Goldman Sachs Group cut KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd. Finally, Barclays set a $23.00 target price on KE in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.40.

KE Stock Performance

BEKE opened at $16.72 on Friday. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 39.80, a PEG ratio of 2.11 and a beta of -0.62. The company has a fifty day moving average of $17.53 and a 200 day moving average of $17.63. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $15.26 and a fifty-two week high of $25.17.

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.