Appaloosa LP Boosts Stock Position in KE Holdings Inc. (NYSE:BEKE)

Appaloosa LP grew its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,574,074 shares of the company's stock after acquiring an additional 399,074 shares during the period. KE accounts for 0.7% of Appaloosa LP's portfolio, making the stock its 28th largest holding. Appaloosa LP owned 0.21% of KE worth $47,414,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 buying an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd raised its holdings in shares of KE by 11.2% during the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock worth $101,794,000 after acquiring an additional 515,197 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its position in shares of KE by 9.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company's stock valued at $94,178,000 after acquiring an additional 462,416 shares during the last quarter. H Capital V GP L.P. purchased a new position in shares of KE in the fourth quarter valued at $91,147,000. Finally, E Fund Management Co. Ltd. increased its position in KE by 3.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company's stock worth $79,054,000 after purchasing an additional 154,748 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

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KE Stock Performance

BEKE stock traded up $0.64 during mid-day trading on Monday, reaching $25.03. 15,111,939 shares of the stock traded hands, compared to its average volume of 9,096,116. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05. The business has a 50-day moving average price of $19.41 and a two-hundred day moving average price of $19.25. The stock has a market capitalization of $30.25 billion, a PE ratio of 51.09, a PEG ratio of 3.45 and a beta of -0.82.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th.

KE 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.