Temasek Holdings Private Ltd Grows Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Temasek Holdings Private Ltd grew its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 75.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,165,851 shares of the company’s stock after buying an additional 933,859 shares during the period. Temasek Holdings Private Ltd’s holdings in KE were worth $41,151,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Strs Ohio acquired a new position in shares of KE during the first quarter valued at about $44,000. EverSource Wealth Advisors LLC boosted its stake in KE by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock worth $68,000 after purchasing an additional 2,257 shares in the last quarter. Franchise Capital Ltd acquired a new stake in KE in the 3rd quarter worth approximately $76,000. Parallel Advisors LLC grew its position in KE by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 5,180 shares of the company’s stock worth $98,000 after purchasing an additional 2,298 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in KE during the 2nd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Price Performance

NYSE:BEKE opened at $16.72 on Friday. The company’s fifty day moving average price is $17.53 and its 200-day moving average price is $17.63. The firm has a market capitalization of $19.54 billion, a P/E ratio of 39.80, a PEG ratio of 2.11 and a beta of -0.62. KE Holdings Inc. Sponsored ADR has a 1-year low of $15.26 and a 1-year high of $25.17.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BEKE shares. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Monday, February 2nd. Wall Street Zen raised KE from a “sell” rating to a “hold” rating in a research report on Saturday. 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.