Connor Clark & Lunn Investment Management Ltd. purchased a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 704,117 shares of the company's stock, valued at approximately $14,019,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of KE as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in KE by 5.1% in the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company's stock worth $199,000 after buying an additional 683 shares during the last quarter. Signaturefd LLC lifted its position in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company's stock valued at $1,170,000 after purchasing an additional 1,271 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock worth $541,000 after purchasing an additional 1,692 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after purchasing an additional 1,823 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.
KE Stock Performance
Shares of BEKE traded down $0.51 during mid-day trading on Friday, hitting $19.47. 7,670,523 shares of the stock were exchanged, compared to its average volume of 9,390,606. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a 50-day moving average of $20.34 and a two-hundred day moving average of $17.11. The company has a market cap of $23.80 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 4.53 and a beta of -0.73.
Analyst Ratings Changes
BEKE has been the subject of a number of recent analyst reports. Citigroup assumed coverage on KE in a research report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.
Read Our Latest Stock Analysis on BEKE
KE 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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