M&G PLC Buys 83,941 Shares of KE Holdings Inc. Sponsored ADR $BEKE

M&G PLC grew its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 18.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 542,446 shares of the company’s stock after acquiring an additional 83,941 shares during the quarter. M&G PLC’s holdings in KE were worth $10,306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BEKE. PNC Financial Services Group Inc. boosted its position in KE by 17.4% during the third quarter. PNC Financial Services Group Inc. now owns 16,340 shares of the company’s stock valued at $310,000 after purchasing an additional 2,417 shares in the last quarter. ABN Amro Investment Solutions lifted its position in shares of KE by 28.4% during the third quarter. ABN Amro Investment Solutions now owns 121,407 shares of the company’s stock valued at $2,307,000 after buying an additional 26,819 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of KE in the 3rd quarter valued at about $1,924,000. Profund Advisors LLC boosted its holdings in shares of KE by 11.2% in the 3rd quarter. Profund Advisors LLC now owns 88,274 shares of the company’s stock valued at $1,677,000 after buying an additional 8,903 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of KE by 6.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 323,492 shares of the company’s stock worth $6,146,000 after buying an additional 19,332 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BEKE. The Goldman Sachs Group cut shares of KE from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, February 2nd. Wall Street Zen lowered KE from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. UBS Group cut 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 reaffirmed a “hold (c+)” rating on shares of KE in a research report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.69.

KE Price Performance

NYSE BEKE opened at $17.55 on Tuesday. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.25 and a beta of -0.64. The stock’s fifty day moving average price is $17.31 and its 200 day moving average price is $17.79. KE Holdings Inc. Sponsored ADR has a 1 year low of $15.26 and a 1 year high of $25.17.

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.