Nykredit A S Invests $456,000 in KE Holdings Inc. Sponsored ADR $BEKE

Nykredit A S acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,379 shares of the company’s stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of KE by 16.0% during the second quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock valued at $129,536,000 after acquiring an additional 1,231,445 shares during the last quarter. Basecamp Wealth Advisors LLC lifted its holdings in shares of KE by 9.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock worth $126,000 after acquiring an additional 704 shares during the last quarter. Rovida Investment Management Ltd boosted its position in shares of KE by 9.1% during the 1st quarter. Rovida Investment Management Ltd now owns 600,000 shares of the company’s stock worth $8,982,000 after purchasing an additional 50,000 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of KE by 37.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock worth $85,000 after purchasing an additional 1,543 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in 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 purchasing an additional 59,079 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEKE has been the topic of a number of research reports. Wall Street Zen upgraded KE from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. UBS Group raised KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, May 12th. CLSA began coverage on KE in a research note on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. Barclays raised their target price on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.64.

KE Trading Down 3.8%

BEKE opened at $17.24 on Wednesday. The business has a fifty day moving average price of $16.82 and a 200 day moving average price of $16.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. KE Holdings Inc. Sponsored ADR has a 12 month low of $13.81 and a 12 month high of $20.98. The stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.68 and a beta of -0.26.

KE (NYSE:BEKE) last announced its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. Sell-side analysts expect that KE Holdings Inc. Sponsored ADR will post 0.88 earnings per share 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.