BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 73.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 252,750 shares of the company's stock after selling 682,500 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in KE were worth $5,032,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after acquiring an additional 3,168 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of 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 purchasing an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of KE by 5,089.9% in 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 in the last quarter. US Bancorp DE lifted its holdings in shares of KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after purchasing an additional 1,823 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after purchasing an additional 866 shares in the last quarter. Institutional investors own 39.34% of the company's stock.
KE Stock Down 0.2 %
KE stock traded down $0.03 during mid-day trading on Tuesday, reaching $19.28. 3,900,921 shares of the company's stock were exchanged, compared to its average volume of 8,101,738. The business's fifty day simple moving average is $21.00 and its 200 day simple moving average is $17.18. The firm has a market capitalization of $23.30 billion, a PE ratio of 39.35, a P/E/G ratio of 4.48 and a beta of -0.77. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and raised their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price on the stock. Finally, Barclays raised their target price on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.
Read Our Latest Stock Analysis on KE
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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