Barings LLC lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,237,711 shares of the company's stock after selling 245,154 shares during the quarter. KE makes up approximately 0.5% of Barings LLC's holdings, making the stock its 23rd biggest holding. Barings LLC owned about 0.10% of KE worth $22,799,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in BEKE. US Bancorp DE grew its holdings in 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 acquiring an additional 1,823 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of KE in the 3rd quarter valued at about $1,723,000. XY Capital Ltd boosted its stake in shares of KE by 2,327.3% in the 3rd quarter. XY Capital Ltd now owns 394,818 shares of the company's stock valued at $7,861,000 after purchasing an additional 378,552 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after purchasing an additional 1,692 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of KE by 5,089.9% in the 3rd 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. Institutional investors own 39.34% of the company's stock.
KE Trading Down 1.0 %
Shares of NYSE:BEKE traded down $0.24 during mid-day trading on Friday, reaching $24.22. The stock had a trading volume of 9,185,440 shares, compared to its average volume of 8,849,898. The firm has a market cap of $29.27 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The firm has a 50 day simple moving average of $18.93 and a two-hundred day simple moving average of $18.96. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.
Wall Street Analysts Forecast Growth
Separately, Barclays raised their target price on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.
Read Our Latest Stock Analysis on BEKE
KE Company 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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