Thompson Siegel & Walmsley LLC acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,946 shares of the company's stock, valued at approximately $2,328,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new position in KE during the third quarter worth $1,124,000. Swedbank AB purchased a new position in shares of KE during the 1st quarter worth about $3,393,000. Lighthouse Investment Partners LLC bought a new position in KE during the 2nd quarter valued at about $1,142,000. SG Americas Securities LLC lifted its stake in shares of KE by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company's stock worth $3,337,000 after acquiring an additional 64,449 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new position in KE in the 2nd quarter valued at $627,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
KE Price Performance
BEKE stock traded down $0.58 during trading on Friday, hitting $19.40. The stock had a trading volume of 10,879,580 shares, compared to its average volume of 8,941,326. The company's 50-day moving average price is $20.46 and its two-hundred day moving average price is $17.13. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The stock has a market capitalization of $23.44 billion, a P/E ratio of 39.59, a PEG ratio of 4.39 and a beta of -0.73.
Wall Street Analysts Forecast Growth
BEKE has been the topic of a number of analyst reports. Citigroup assumed coverage on shares of KE in a research report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.
View Our Latest Stock Report on KE
About KE
(
Free Report)
KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.
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