KE Holdings Inc. Sponsored ADR $BEKE Position Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC grew its holdings in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 17.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,395,865 shares of the company’s stock after purchasing an additional 1,518,222 shares during the quarter. Pzena Investment Management LLC’s holdings in KE were worth $175,170,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BEKE. Mirae Asset Global Investments Co. Ltd. bought a new position in KE in the third quarter valued at approximately $1,164,000. Vise Technologies Inc. grew its holdings in KE by 66.3% during the 3rd quarter. Vise Technologies Inc. now owns 72,074 shares of the company’s stock worth $1,214,000 after acquiring an additional 28,733 shares during the period. Asset Management One Co. Ltd. raised its position in shares of KE by 402.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 14,105 shares of the company’s stock valued at $238,000 after acquiring an additional 11,299 shares during the last quarter. Inspire Investing LLC raised its position in shares of KE by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 155,472 shares of the company’s stock valued at $2,620,000 after acquiring an additional 5,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of KE by 56.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 630,660 shares of the company’s stock valued at $10,627,000 after purchasing an additional 227,616 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Insider Activity

In other KE news, Director Yigang Shan sold 3,326,670 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $5.44, for a total value of $18,097,084.80. Following the sale, the director owned 53,868,189 shares in the company, valued at approximately $293,042,948.16. The trade was a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Yongdong Peng sold 16,033,983 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $5.27, for a total value of $84,499,090.41. Following the completion of the sale, the chief executive officer owned 62,824,251 shares in the company, valued at $331,083,802.77. The trade was a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded KE from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 9th. Zacks Research downgraded shares of KE from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Morgan Stanley reissued an “overweight” rating on shares of KE in a research note on Friday, August 21st. Wall Street Zen upgraded shares of KE from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Finally, CLSA started coverage on shares of KE in a research note on Wednesday, August 19th. They issued an “outperform” rating and a $23.80 target price for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.64.

KE Stock Up 5.7%

Shares of KE stock opened at $18.60 on Thursday. The company has a market capitalization of $20.82 billion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 0.57 and a beta of -0.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The business has a 50-day moving average of $17.21 and a two-hundred day moving average of $16.86. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.81 and a 1 year high of $19.88.

KE (NYSE:BEKE) last released its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.11. KE had a return on equity of 7.62% and a net margin of 5.38%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, equities analysts predict that KE Holdings Inc. Sponsored ADR will post 1.03 EPS for the current year.

About KE

KE Holdings Inc, also known as Beike, operates a technology-driven housing-services platform in China. The company connects consumers, housing agents, property developers and other service providers through online and offline channels.

Its business includes brokerage services for existing-home and new-home transactions, residential rentals, and related housing services. KE Holdings also provides home renovation and furnishing services, property management, and other services designed to support consumers throughout the residential real estate lifecycle.

The company’s platform supports a network of agents and stores and uses data, digital tools and standardized operating processes to facilitate property searches, transactions and related services.