Davis Selected Advisers trimmed its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,647,872 shares of the company's stock after selling 2,232,656 shares during the quarter. Davis Selected Advisers owned approximately 0.30% of KE worth $67,194,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after purchasing an additional 703 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after buying an additional 762 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE in the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE in the 4th quarter worth about $30,000. Finally, Principal Securities Inc. lifted its position in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after acquiring an additional 1,664 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.
Wall Street Analyst Weigh In
Separately, Barclays raised their target price on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.
Read Our Latest Report on KE
KE Trading Down 4.5 %
NYSE:BEKE traded down $1.05 on Wednesday, reaching $22.38. 7,504,382 shares of the stock traded hands, compared to its average volume of 9,019,900. The company's fifty day simple moving average is $19.11 and its 200 day simple moving average is $19.07. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 12 month low of $12.48 and a 12 month 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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