abrdn plc Has $11.49 Million Holdings in KE Holdings Inc. (NYSE:BEKE)

abrdn plc increased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,359 shares of the company's stock after acquiring an additional 27,524 shares during the period. abrdn plc owned about 0.05% of KE worth $11,486,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BEKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in KE by 203.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock worth $128,979,000 after acquiring an additional 4,340,517 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of KE by 1,155.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock worth $46,854,000 after purchasing an additional 2,165,863 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of KE during the 3rd quarter worth about $28,956,000. M&G PLC raised its stake in shares of KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after purchasing an additional 1,422,667 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of KE by 72.1% during the 4th quarter. Jennison Associates LLC now owns 2,761,520 shares of the company's stock worth $50,867,000 after purchasing an additional 1,157,272 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of recent research reports. Barclays raised their price target on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Bank of America raised KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Performance

Shares of NYSE BEKE traded up $0.48 during mid-day trading on Tuesday, reaching $19.49. 14,582,439 shares of the company traded hands, compared to its average volume of 7,180,988. The stock has a market cap of $23.55 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76. The company's fifty day moving average is $18.00 and its two-hundred day moving average is $18.01. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

About KE

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.