Rovida Investment Management Ltd Boosts Stake in KE Holdings Inc. Sponsored ADR $BEKE

Rovida Investment Management Ltd lifted its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. KE comprises approximately 1.1% of Rovida Investment Management Ltd’s investment portfolio, making the stock its 13th biggest position. Rovida Investment Management Ltd owned 0.05% of KE worth $8,982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BEKE. EverSource Wealth Advisors LLC boosted its stake in KE by 37.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after buying an additional 1,543 shares during the period. Quantinno Capital Management LP raised its stake in shares of KE by 86.7% in the 1st quarter. Quantinno Capital Management LP now owns 127,216 shares of the company’s stock valued at $1,904,000 after acquiring an additional 59,079 shares during the period. Weiss Asset Management LP purchased a new stake in shares of KE in the 1st quarter valued at approximately $2,592,000. Perseverance Asset Management International lifted its holdings in shares of KE by 20.4% in the 1st quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock worth $20,830,000 after acquiring an additional 236,000 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of KE by 28.1% in the 1st quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock worth $210,000 after acquiring an additional 3,073 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE BEKE opened at $16.98 on Friday. The stock’s 50-day simple moving average is $15.96 and its 200-day simple moving average is $16.67. The firm has a market capitalization of $19.00 billion, a PE ratio of 40.44 and a beta of -0.33. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $13.81 and a fifty-two week high of $20.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.12 and a current ratio of 3.12.

Analyst Ratings Changes

BEKE has been the subject of several research reports. Griffin Securities set a $24.40 target price on shares of KE in a report on Wednesday, April 8th. Wall Street Zen upgraded KE from a “sell” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research note on Wednesday, June 24th. Barclays increased their target price on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Citigroup restated a “buy” rating on shares of KE in a report on Tuesday, May 19th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

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.