Banque Cantonale Vaudoise Acquires 50,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Banque Cantonale Vaudoise boosted its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,000 shares of the company's stock after buying an additional 50,000 shares during the period. Banque Cantonale Vaudoise's holdings in KE were worth $4,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BEKE. QRG Capital Management Inc. increased its stake in shares of KE by 5.1% in the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company's stock worth $199,000 after acquiring an additional 683 shares during the last quarter. Signaturefd LLC increased its position in KE by 12.5% in 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 last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company's stock worth $1,170,000 after purchasing an additional 1,271 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after buying an additional 1,692 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after buying an additional 1,823 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and raised their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock.

KE Trading Up 0.4 %

KE stock traded up $0.08 during trading hours on Tuesday, reaching $20.63. 7,082,375 shares of the company were exchanged, compared to its average volume of 9,401,694. The stock has a 50-day moving average of $19.96 and a 200 day moving average of $17.05. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The firm has a market cap of $25.22 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.29 and a beta of -0.73.

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.