E Fund Management Co. Ltd. grew its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,291,751 shares of the company's stock after purchasing an additional 154,748 shares during the quarter. KE makes up approximately 4.0% of E Fund Management Co. Ltd.'s investment portfolio, making the stock its 5th largest position. E Fund Management Co. Ltd. owned approximately 0.36% of KE worth $79,054,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in BEKE. M&G PLC raised its holdings in shares of KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company's stock valued at $201,817,000 after acquiring an additional 1,422,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock worth $128,979,000 after purchasing an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd raised its holdings in KE by 11.2% in the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock worth $101,794,000 after purchasing an additional 515,197 shares in the last quarter. Geode Capital Management LLC raised its holdings in KE by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company's stock worth $74,323,000 after purchasing an additional 44,797 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in KE by 1.8% in the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company's stock worth $66,507,000 after purchasing an additional 62,265 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Stock Down 1.0 %
Shares of BEKE traded down $0.24 during mid-day trading on Friday, hitting $24.22. 9,185,440 shares of the company traded hands, compared to its average volume of 8,849,898. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market capitalization of $29.27 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The business has a 50 day moving average of $18.93 and a 200 day moving average of $18.96.
Wall Street Analyst Weigh In
Separately, Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th.
Check Out Our Latest Stock Analysis on BEKE
KE Company 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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