Greenwoods Asset Management Hong Kong Ltd. Decreases Stock Holdings in KE Holdings Inc. Sponsored ADR $BEKE

Greenwoods Asset Management Hong Kong Ltd. reduced its position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,676,995 shares of the company’s stock after selling 963,711 shares during the period. KE accounts for approximately 1.6% of Greenwoods Asset Management Hong Kong Ltd.’s portfolio, making the stock its 15th largest position. Greenwoods Asset Management Hong Kong Ltd. owned 0.31% of KE worth $69,863,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BEKE. Artisan Partners Limited Partnership lifted its holdings in KE by 78.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 7,526,606 shares of the company’s stock worth $133,522,000 after buying an additional 3,315,704 shares during the period. Norges Bank purchased a new stake in KE in the second quarter worth $124,616,000. Legal & General Group Plc boosted its holdings in KE by 6.0% in the second quarter. Legal & General Group Plc now owns 4,708,163 shares of the company’s stock valued at $83,521,000 after acquiring an additional 265,429 shares in the last quarter. Baird Financial Group Inc. increased its position in KE by 29.5% during the 2nd quarter. Baird Financial Group Inc. now owns 3,437,864 shares of the company’s stock valued at $60,988,000 after purchasing an additional 783,938 shares during the period. Finally, Invesco Ltd. raised its holdings in KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock worth $42,957,000 after purchasing an additional 1,608,207 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Up 1.0%

Shares of NYSE BEKE opened at $17.29 on Friday. The firm has a market cap of $20.20 billion, a P/E ratio of 41.16, a PEG ratio of 2.19 and a beta of -0.64. KE Holdings Inc. Sponsored ADR has a twelve month low of $15.26 and a twelve month high of $25.17. The company has a 50 day moving average of $17.32 and a 200 day moving average of $17.77.

Analysts Set New Price Targets

BEKE has been the subject of a number of research reports. UBS Group downgraded shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, October 31st. Barclays set a $23.00 target price on KE in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of KE in a report on Monday, December 22nd. The Goldman Sachs Group lowered shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered shares of KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.40.

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.