Hsbc Holdings PLC Has $5.77 Million Position in KE Holdings Inc. Sponsored ADR $BEKE

Hsbc Holdings PLC lowered its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,485 shares of the company’s stock after selling 110,874 shares during the quarter. Hsbc Holdings PLC’s holdings in KE were worth $5,773,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new position in KE during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after purchasing an additional 1,750 shares during the period. Strs Ohio acquired a new position in shares of KE in the 1st quarter worth approximately $44,000. Allworth Financial LP raised its holdings in shares of KE by 254.4% in the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after buying an additional 2,089 shares in the last quarter. Finally, Franchise GP Ltd bought a new position in shares of KE during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the topic of several recent analyst reports. Barclays boosted their price target on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Citigroup reiterated a “buy” rating on shares of KE in a research note on Tuesday, May 19th. The Goldman Sachs Group raised KE from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, May 4th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

KE Stock Performance

NYSE:BEKE opened at $14.23 on Friday. The stock has a market capitalization of $15.92 billion, a P/E ratio of 33.89 and a beta of -0.36. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.81 and a 1 year high of $20.98. The firm has a 50 day moving average of $16.67 and a 200-day moving average of $16.76. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01.

KE (NYSE:BEKE) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.02 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 anticipate that KE Holdings Inc. Sponsored ADR will post 0.78 EPS for the current fiscal year.

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.