Centiva Capital LP Cuts Stock Position in KE Holdings Inc. (NYSE:BEKE)

Centiva Capital LP cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 41.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,114 shares of the company's stock after selling 64,795 shares during the period. Centiva Capital LP's holdings in KE were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in shares of KE by 14.8% during the first quarter. California State Teachers Retirement System now owns 247,321 shares of the company's stock worth $3,396,000 after acquiring an additional 31,928 shares during the period. DNB Asset Management AS increased its holdings in KE by 8.3% in the second quarter. DNB Asset Management AS now owns 46,511 shares of the company's stock valued at $658,000 after purchasing an additional 3,562 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in KE by 2.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 526,599 shares of the company's stock valued at $7,451,000 after purchasing an additional 11,584 shares during the period. QRG Capital Management Inc. boosted its position in KE by 5.1% during the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company's stock valued at $199,000 after acquiring an additional 683 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in KE by 37.6% during the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company's stock valued at $3,337,000 after acquiring an additional 64,449 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BEKE has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Finally, Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective for the company.

KE Trading Down 1.9 %

BEKE traded down $0.37 during midday trading on Wednesday, reaching $18.91. The company's stock had a trading volume of 4,177,468 shares, compared to its average volume of 9,325,593. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 4.48 and a beta of -0.77. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The stock's 50-day moving average is $21.05 and its 200-day moving average is $17.18.

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.