Alkeon Capital Management LLC decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,025,999 shares of the company's stock after selling 111,382 shares during the quarter. Alkeon Capital Management LLC owned 0.90% of KE worth $219,528,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in BEKE. Blue Trust Inc. grew its position in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after buying an additional 3,168 shares during the last quarter. Rakuten Securities Inc. boosted its stake in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock valued at $67,000 after acquiring an additional 3,345 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock valued at $82,000 after purchasing an additional 4,021 shares during the last quarter. US Bancorp DE raised its position in shares of KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after purchasing an additional 1,823 shares during the period. Finally, Signaturefd LLC raised its position in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock worth $110,000 after purchasing an additional 866 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on BEKE. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They set a "buy" rating and a $23.80 price objective for the company. Barclays upped their price target on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th.
Read Our Latest Analysis on KE
KE Trading Down 0.8 %
BEKE traded down $0.16 during trading hours on Friday, hitting $18.85. The company's stock had a trading volume of 4,926,027 shares, compared to its average volume of 9,381,223. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a market capitalization of $22.78 billion, a PE ratio of 38.20, a PEG ratio of 4.38 and a beta of -0.73. The company has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $17.19.
KE Profile
(
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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