Siren L.L.C. Sells 45,000 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Siren L.L.C. lowered its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 31.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock after selling 45,000 shares during the period. Siren L.L.C.’s holdings in KE were worth $1,497,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages recently issued reports on BEKE. The Goldman Sachs Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, May 4th. Barclays lifted their price target on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. UBS Group upgraded shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, May 12th. Griffin Securities set a $24.40 price objective on shares of KE in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.07.

KE Stock Performance

NYSE BEKE opened at $16.07 on Friday. The company has a market cap of $17.99 billion, a P/E ratio of 38.27 and a beta of -0.33. The company has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $16.69. 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 Holdings Inc. Sponsored ADR has a 12-month low of $13.81 and a 12-month high of $20.98.

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.