Central Asset Investments & Management Holdings HK Ltd bought a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 56,430 shares of the company's stock, valued at approximately $1,124,000. KE makes up about 1.1% of Central Asset Investments & Management Holdings HK Ltd's portfolio, making the stock its 15th largest holding.
A number of other large investors have also made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of KE during the third quarter valued at approximately $3,340,000. Oppenheimer Asset Management Inc. increased its stake in KE by 10.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 278,157 shares of the company's stock valued at $5,538,000 after buying an additional 25,216 shares during the period. Rakuten Securities Inc. increased its stake in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock valued at $67,000 after buying an additional 3,345 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company's stock valued at $31,529,000 after buying an additional 76,517 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in 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 buying an additional 4,021 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.
KE Stock Performance
Shares of BEKE stock traded up $0.16 during mid-day trading on Friday, reaching $19.52. The company's stock had a trading volume of 7,431,504 shares, compared to its average volume of 9,420,316. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market cap of $23.86 billion, a P/E ratio of 40.67, a PEG ratio of 4.39 and a beta of -0.73. The firm's 50-day moving average is $19.84 and its two-hundred day moving average is $17.01.
Analysts Set New Price Targets
BEKE has been the topic of several research reports. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Analysis on BEKE
About KE
(
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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