Temasek Holdings Private Ltd Buys 881,506 Shares of KE Holdings Inc. Sponsored ADR $BEKE

by · The Markets Daily

Temasek Holdings Private Ltd boosted its stake in KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report) by 40.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,047,357 shares of the company’s stock after acquiring an additional 881,506 shares during the period. Temasek Holdings Private Ltd’s holdings in KE were worth $48,026,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in KE in the fourth quarter worth about $28,000. Strs Ohio bought a new stake in KE during the 1st quarter valued at $44,000. Caitong International Asset Management Co. Ltd raised its holdings in KE by 330.2% during 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 period. Allworth Financial LP raised its holdings in KE by 254.4% during the 4th quarter. Allworth Financial LP now owns 2,910 shares of the company’s stock valued at $46,000 after acquiring an additional 2,089 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in KE by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,812 shares of the company’s stock valued at $68,000 after acquiring an additional 2,257 shares during the period. Institutional investors own 39.34% of the company’s stock.

KE Stock Performance

KE stock opened at $16.57 on Tuesday. The firm’s 50 day simple moving average is $16.79 and its 200 day simple moving average is $16.88. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $18.54 billion, a PE ratio of 39.44 and a beta of -0.36. KE Holdings Inc. Sponsored ADR has a 1-year low of $14.40 and a 1-year high of $20.98.

KE (NYSE:BEKE – Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $3.17 billion for the quarter. KE had a net margin of 3.77% and a return on equity of 5.47%. As a group, analysts expect that KE Holdings Inc. Sponsored ADR will post 0.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BEKE shares. Weiss Ratings reissued a “hold (c)” rating on shares of KE in a report on Friday, March 27th. UBS Group raised shares of KE from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, May 12th. Wall Street Zen raised shares of KE from a “sell” rating to a “buy” rating in a report on Saturday, May 23rd. Barclays boosted their target price on shares of KE from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, Griffin Securities set a $24.40 target price on shares of KE in a report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

Read Our Latest Research Report on KE

KE Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. Sponsored ADR (NYSE:BEKE – Free Report).