China Universal Asset Management Co. Ltd. raised its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,000 shares of the company's stock after acquiring an additional 60,000 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in KE were worth $3,113,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. First Affirmative Financial Network boosted its position in shares of KE by 24.8% during the 4th quarter. First Affirmative Financial Network now owns 14,288 shares of the company's stock worth $263,000 after purchasing an additional 2,841 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of KE by 8.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,274,883 shares of the company's stock worth $23,483,000 after purchasing an additional 99,738 shares in the last quarter. UG Investment Advisers Ltd. lifted its stake in KE by 60.3% during the fourth quarter. UG Investment Advisers Ltd. now owns 1,091,234 shares of the company's stock worth $20,101,000 after purchasing an additional 410,477 shares during the last quarter. ABS Direct Equity Fund LLC lifted its position in shares of KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after buying an additional 62,300 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of KE in the 4th quarter valued at about $409,000. Hedge funds and other institutional investors own 39.34% of the company's stock.
Wall Street Analyst Weigh In
BEKE has been the topic of a number of recent research reports. Bank of America raised KE from a "neutral" rating to a "buy" rating and boosted their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays boosted their target price on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th.
View Our Latest Report on KE
KE Stock Performance
BEKE stock traded down $0.70 on Monday, reaching $16.73. The company had a trading volume of 3,177,614 shares, compared to its average volume of 6,686,621. The company's fifty day moving average is $18.14 and its 200 day moving average is $17.81. The company has a market cap of $20.22 billion, a P/E ratio of 34.19, a PEG ratio of 2.88 and a beta of -0.76. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.
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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