Fox Run Management L.L.C. Boosts Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Fox Run Management L.L.C. lifted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 263.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,504 shares of the company’s stock after acquiring an additional 49,636 shares during the period. Fox Run Management L.L.C.’s holdings in KE were worth $1,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio bought a new position in KE in the 1st quarter worth about $44,000. Hantz Financial Services Inc. increased its position in shares of KE by 599.5% during the second quarter. Hantz Financial Services Inc. now owns 3,036 shares of the company’s stock valued at $54,000 after buying an additional 2,602 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after buying an additional 2,257 shares in the last quarter. Franchise Capital Ltd bought a new position in shares of KE in the third quarter valued at approximately $76,000. Finally, Quantbot Technologies LP purchased a new position in KE during the second quarter valued at approximately $116,000. 39.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Monday, February 2nd. UBS Group downgraded KE from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, October 31st. Wall Street Zen cut KE from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of KE in a research note on Monday, December 22nd. Finally, Barclays set a $23.00 price target on KE in a research report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.40.

KE Stock Up 3.1%

NYSE BEKE opened at $17.63 on Thursday. The stock’s 50-day simple moving average is $17.37 and its two-hundred day simple moving average is $17.76. 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 market capitalization of $20.60 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 2.19 and a beta of -0.64.

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.