Weiss Asset Management LP Takes Position in KE Holdings Inc. Sponsored ADR $BEKE

Weiss Asset Management LP acquired a new position in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 173,157 shares of the company’s stock, valued at approximately $2,592,000.

Several other institutional investors have also recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new stake in KE in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its position in KE by 330.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock worth $36,000 after buying an additional 1,750 shares in the last quarter. Strs Ohio acquired a new position in shares of KE in the first quarter worth $44,000. Allworth Financial LP raised its holdings in shares of KE by 254.4% in the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock worth $46,000 after acquiring an additional 2,089 shares during the last quarter. Finally, Franchise GP Ltd acquired a new position in shares of KE in the fourth quarter worth $63,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

BEKE stock opened at $15.87 on Monday. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 37.77 and a beta of -0.33. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.01. KE Holdings Inc. Sponsored ADR has a 52-week low of $13.81 and a 52-week high of $20.98. The stock’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $16.68.

Analyst Ratings Changes

A number of analysts recently commented on BEKE shares. Barclays increased their price objective on KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of KE in a report on Tuesday, May 19th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a research note on Saturday, May 23rd. Finally, Griffin Securities set a $24.40 price target on shares of KE in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.07.

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.