KE Holdings Inc. (NYSE:BEKE) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,030,781 shares of the company's stock after selling 112,462 shares during the period. Alberta Investment Management Corp owned approximately 0.09% of KE worth $18,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the 3rd quarter worth approximately $30,000. Principal Securities Inc. lifted its position in shares of KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its holdings in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC raised its position in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after acquiring an additional 4,021 shares during the period. Finally, US Bancorp DE lifted its holdings in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after purchasing an additional 1,823 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BEKE shares. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays increased their target price on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.

KE Stock Performance

Shares of NYSE BEKE traded up $0.67 during mid-day trading on Friday, reaching $20.89. The company's stock had a trading volume of 8,824,673 shares, compared to its average volume of 7,878,176. The stock has a market capitalization of $25.25 billion, a P/E ratio of 42.64, a P/E/G ratio of 3.30 and a beta of -0.76. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The stock has a 50-day moving average of $18.07 and a two-hundred day moving average of $18.27.

KE Company Profile

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.