Robeco Institutional Asset Management B.V. Sells 189,675 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Robeco Institutional Asset Management B.V. decreased its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 29.4% in the third quarter, Holdings Channel reports. The fund owned 455,379 shares of the company’s stock after selling 189,675 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KE were worth $8,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of KE by 9,185.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,357,319 shares of the company’s stock worth $26,196,000 after purchasing an additional 1,342,702 shares during the last quarter. Ascent Group LLC bought a new position in KE in the 3rd quarter worth approximately $271,000. Ethic Inc. lifted its holdings in shares of KE by 16.4% during the third quarter. Ethic Inc. now owns 68,287 shares of the company’s stock worth $1,297,000 after buying an additional 9,626 shares during the last quarter. TT International Asset Management LTD boosted its position in shares of KE by 35.2% in the third quarter. TT International Asset Management LTD now owns 1,381,017 shares of the company’s stock valued at $26,239,000 after acquiring an additional 359,893 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of KE in the second quarter worth $242,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Performance

Shares of BEKE stock opened at $17.04 on Friday. The firm has a fifty day moving average of $16.61 and a 200-day moving average of $17.90. The stock has a market cap of $19.38 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 2.24 and a beta of -0.63. KE Holdings Inc. Sponsored ADR has a 52-week low of $15.26 and a 52-week high of $25.17.

Analysts Set New Price Targets

BEKE has been the subject of several research analyst reports. Wall Street Zen upgraded shares of KE from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

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.