B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,615 shares of the company's stock, valued at approximately $530,000.
Several other large investors have also recently modified their holdings of the stock. RWC Asset Advisors US LLC bought a new position in KE in the 2nd quarter valued at approximately $70,807,000. ANTIPODES PARTNERS Ltd lifted its holdings in shares of KE by 180.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company's stock valued at $59,268,000 after purchasing an additional 2,694,260 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock valued at $46,854,000 after buying an additional 2,165,863 shares during the last quarter. Turiya Advisors Asia Ltd boosted its position in shares of KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock valued at $71,743,000 after buying an additional 1,824,206 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in KE by 83.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,355,895 shares of the company's stock worth $47,486,000 after buying an additional 1,528,748 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on BEKE shares. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a research report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. Finally, Barclays increased their price target on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday.
Check Out Our Latest Report on BEKE
KE Price Performance
Shares of BEKE traded down $1.00 on Monday, reaching $18.40. The company's stock had a trading volume of 10,854,569 shares, compared to its average volume of 9,414,535. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The stock has a market capitalization of $22.23 billion, a P/E ratio of 37.55, a PEG ratio of 4.26 and a beta of -0.73. The stock's 50 day simple moving average is $20.56 and its two-hundred day simple moving average is $17.15.
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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