Caas Capital Management LP Invests $1.69 Million in KE Holdings Inc. (NYSE:BEKE)

Caas Capital Management LP acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 91,668 shares of the company's stock, valued at approximately $1,689,000. KE makes up about 0.3% of Caas Capital Management LP's holdings, making the stock its 23rd largest position.

A number of other institutional investors have also recently added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE during the 3rd quarter worth $30,000. Rakuten Securities Inc. raised its position in KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after acquiring an additional 3,345 shares during 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 grew its position 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 during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of KE during the 3rd quarter worth approximately $219,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Down 0.8 %

Shares of BEKE stock traded down $0.15 during mid-day trading on Wednesday, hitting $17.24. 8,314,324 shares of the company's stock were exchanged, compared to its average volume of 6,961,279. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 2.88 and a beta of -0.76. The stock has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $17.85. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

Analyst Upgrades and Downgrades

BEKE has been the topic of a number of analyst reports. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and increased their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased their price objective on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.

About KE

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.