Robeco Institutional Asset Management B.V. Acquires 227,616 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Robeco Institutional Asset Management B.V. increased its holdings in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 56.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,660 shares of the company’s stock after purchasing an additional 227,616 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of KE worth $10,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in KE by 16.0% in the 2nd quarter. Wellington Management Group LLP now owns 8,915,061 shares of the company’s stock worth $129,536,000 after purchasing an additional 1,231,445 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of KE during the 2nd quarter worth approximately $10,138,000. Baird Financial Group Inc. grew its stake in shares of KE by 5.8% during the 2nd quarter. Baird Financial Group Inc. now owns 5,942,507 shares of the company’s stock worth $86,345,000 after purchasing an additional 324,707 shares during the period. Perseverance Asset Management International increased its holdings in shares of KE by 20.4% during the 1st quarter. Perseverance Asset Management International now owns 1,391,439 shares of the company’s stock valued at $20,830,000 after purchasing an additional 236,000 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of KE during the 1st quarter valued at approximately $2,592,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of KE in a report on Friday, August 21st. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Zacks Research upgraded shares of KE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of KE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Finally, CLSA assumed coverage on shares of KE in a research note on Wednesday, August 19th. They set an “outperform” rating and a $23.80 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $23.64.

Insider Activity

In other news, Director Yigang Shan sold 3,326,670 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $5.44, for a total value of $18,097,084.80. Following the transaction, the director directly owned 53,868,189 shares of the company’s stock, valued at approximately $293,042,948.16. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yongdong Peng sold 16,033,983 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $5.27, for a total transaction of $84,499,090.41. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.80% of the company’s stock.

KE Stock Performance

Shares of NYSE:BEKE opened at $17.05 on Friday. 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’s 50 day moving average price is $17.16 and its 200-day moving average price is $16.70. The firm has a market capitalization of $19.08 billion, a PE ratio of 27.96, a P/E/G ratio of 0.56 and a beta of -0.26. 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 posted its quarterly earnings data on Friday, August 21st. The company reported $0.42 EPS 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 firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.59 billion. As a group, equities research analysts expect that KE Holdings Inc. Sponsored ADR will post 1.03 earnings per share for the current fiscal year.

KE Profile

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.