FMR LLC reduced its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,321,847 shares of the company's stock after selling 240,011 shares during the quarter. FMR LLC owned approximately 0.35% of KE worth $86,048,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BEKE. Harvest Fund Management Co. Ltd raised its position in shares of KE by 0.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 701,220 shares of the company's stock worth $13,954,000 after purchasing an additional 4,616 shares during the period. Charles Schwab Investment Management Inc. increased its position in KE by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company's stock worth $19,801,000 after buying an additional 103,720 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in KE in the third quarter valued at $2,328,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KE during the third quarter valued at $14,019,000. Finally, Jennison Associates LLC grew its position in shares of KE by 1.5% during the third quarter. Jennison Associates LLC now owns 1,604,248 shares of the company's stock worth $31,941,000 after acquiring an additional 24,166 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.
KE Trading Down 0.1 %
Shares of KE stock traded down $0.02 on Friday, reaching $18.81. 5,589,132 shares of the company were exchanged, compared to its average volume of 9,287,485. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 4.47 and a beta of -0.77. The stock has a fifty day moving average price of $21.09 and a 200-day moving average price of $17.20.
Wall Street Analysts Forecast Growth
BEKE has been the topic of several recent research reports. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays boosted their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Citigroup initiated coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective for the company.
View Our Latest Report 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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