KE Holdings Inc. Sponsored ADR $BEKE Holdings Raised by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 66.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,074 shares of the company’s stock after acquiring an additional 28,733 shares during the quarter. Vise Technologies Inc.’s holdings in KE were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in KE in the 3rd quarter worth approximately $63,000. EverSource Wealth Advisors LLC boosted its stake in shares of KE by 37.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,647 shares of the company’s stock valued at $85,000 after purchasing an additional 1,543 shares during the period. Basecamp Wealth Advisors LLC boosted its stake in shares of KE by 9.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 8,399 shares of the company’s stock valued at $126,000 after purchasing an additional 704 shares during the period. Parallel Advisors LLC grew its holdings in shares of KE by 66.3% in the first quarter. Parallel Advisors LLC now owns 8,814 shares of the company’s stock worth $132,000 after purchasing an additional 3,514 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of KE by 28.1% in the first quarter. First Trust Advisors LP now owns 14,000 shares of the company’s stock worth $210,000 after purchasing an additional 3,073 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

KE Trading Up 0.2%

NYSE BEKE opened at $18.86 on Friday. KE Holdings Inc. Sponsored ADR has a fifty-two week low of $13.81 and a fifty-two week high of $19.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a 50 day simple moving average of $17.25 and a two-hundred day simple moving average of $16.87. The stock has a market cap of $21.10 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 0.61 and a beta of -0.27.

KE (NYSE:BEKE) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. On average, analysts forecast that KE Holdings Inc. Sponsored ADR will post 1.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Yongdong Peng sold 16,033,983 shares of KE stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yigang Shan sold 3,326,670 shares of KE stock in a transaction on Monday, September 21st. The shares were sold at an average price of $5.44, for a total transaction of $18,097,084.80. Following the completion of the sale, the director owned 53,868,189 shares in the company, valued at approximately $293,042,948.16. This trade represents a 5.82% 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.

KE Company Profile

KE Holdings Inc operates Beike, a real estate services platform in China that connects consumers with agents and other housing service providers. Its services include existing-home and new-home sales, residential rentals, and related services such as property management and home renovation.

The company’s business traces its roots to Lianjia, a real estate brokerage founded in Beijing in 2001 by Zuo Hui. KE Holdings was established in 2018, and its Beike platform brings together Lianjia and other participating agencies.

KE Holdings serves customers across China.