Wellington Management Group LLP Buys 1,231,445 Shares of KE Holdings Inc. Sponsored ADR $BEKE

Wellington Management Group LLP raised its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,915,061 shares of the company’s stock after buying an additional 1,231,445 shares during the quarter. Wellington Management Group LLP owned 0.80% of KE worth $129,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its stake in shares of KE by 330.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,280 shares of the company’s stock valued at $36,000 after acquiring an additional 1,750 shares during the last quarter. Strs Ohio bought a new position in KE during the 1st quarter worth approximately $44,000. Allworth Financial LP grew its holdings in KE by 254.4% during the fourth quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after purchasing an additional 2,089 shares during the period. EverSource Wealth Advisors LLC increased its stake in KE by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in KE in the fourth quarter valued at approximately $88,000. Institutional investors own 39.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BEKE. Wall Street Zen raised shares of KE from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays upped their price objective on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Morgan Stanley reiterated an “overweight” rating on shares of KE in a report on Friday, August 21st. Zacks Research raised KE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of KE in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, KE presently has an average rating of “Buy” and an average target price of $23.64.

KE Stock Performance

BEKE opened at $17.72 on Wednesday. The business’s 50-day moving average price is $16.49 and its two-hundred day moving average price is $16.54. KE Holdings Inc. Sponsored ADR has a 1 year low of $13.81 and a 1 year high of $20.98. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 0.65 and a beta of -0.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30.

KE (NYSE:BEKE) last posted its quarterly earnings data on Friday, August 21st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.59 billion. KE had a return on equity of 7.62% and a net margin of 5.38%. Equities analysts expect that KE Holdings Inc. Sponsored ADR will post 0.88 EPS for the current fiscal year.

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.