Lansforsakringar Fondforvaltning AB publ Has $280,000 Stock Position in KE Holdings Inc. Sponsored ADR $BEKE

Lansforsakringar Fondforvaltning AB publ lessened its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 79.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,723 shares of the company’s stock after selling 71,230 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in KE were worth $280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in KE during the fourth quarter worth $112,843,000. Athos Capital Ltd acquired a new stake in KE in the third quarter valued at $47,500,000. Ghisallo Capital Management LLC acquired a new stake in KE in the third quarter valued at $47,500,000. Invesco Ltd. grew its position in shares of KE by 197.8% in the 2nd quarter. Invesco Ltd. now owns 2,421,452 shares of the company’s stock valued at $42,957,000 after acquiring an additional 1,608,207 shares during the period. Finally, Burkehill Global Management LP bought a new position in shares of KE in the 3rd quarter valued at about $28,500,000. 39.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BEKE. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a report on Saturday, May 23rd. Griffin Securities set a $24.40 price target on KE in a report on Wednesday, April 8th. Barclays boosted their price target on KE from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

KE Price Performance

NYSE:BEKE opened at $15.11 on Friday. KE Holdings Inc. Sponsored ADR has a one year low of $13.81 and a one year high of $20.98. The company has a market cap of $16.91 billion, a P/E ratio of 35.98 and a beta of -0.33. The firm’s fifty day moving average price is $16.54 and its two-hundred day moving average price is $16.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.12 and a quick ratio of 3.12.

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.