CoreView Capital Management Ltd Sells 207,358 Shares of KE Holdings Inc. Sponsored ADR $BEKE

CoreView Capital Management Ltd cut its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,120,377 shares of the company’s stock after selling 207,358 shares during the period. KE accounts for approximately 6.2% of CoreView Capital Management Ltd’s investment portfolio, making the stock its 6th largest holding. CoreView Capital Management Ltd’s holdings in KE were worth $49,177,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Temasek Holdings Private Ltd increased its position in KE by 40.7% in the fourth quarter. Temasek Holdings Private Ltd now owns 3,047,357 shares of the company’s stock worth $48,026,000 after buying an additional 881,506 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in KE by 2.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,829 shares of the company’s stock worth $596,000 after buying an additional 970 shares during the period. Marshall Wace LLP increased its position in KE by 562.8% in the fourth quarter. Marshall Wace LLP now owns 99,800 shares of the company’s stock worth $1,573,000 after buying an additional 84,743 shares during the period. Bridgefront Capital LLC acquired a new stake in KE in the fourth quarter worth $392,000. Finally, First Trust Advisors LP acquired a new stake in KE in the fourth quarter worth $172,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on BEKE. Barclays increased their target price on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Wall Street Zen raised KE from a “sell” rating to a “buy” rating in a report on Saturday, May 23rd. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, May 4th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Friday, March 27th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

KE Price Performance

NYSE:BEKE opened at $16.11 on Wednesday. The business’s 50-day moving average price is $16.82 and its 200 day moving average price is $16.88. The firm has a market cap of $18.02 billion, a P/E ratio of 38.35 and a beta of -0.36. KE Holdings Inc. Sponsored ADR has a 52-week low of $14.40 and a 52-week high of $20.98. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE) last released its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. KE had a return on equity of 5.47% and a net margin of 3.77%. As a group, sell-side analysts predict that KE Holdings Inc. Sponsored ADR will post 0.78 earnings per share for the current fiscal year.

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.