Franklin Resources Inc. raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 191.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 590,139 shares of the company's stock after purchasing an additional 387,598 shares during the period. Franklin Resources Inc.'s holdings in KE were worth $11,750,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of KE in the 3rd quarter valued at $1,124,000. XTX Topco Ltd increased its holdings in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock valued at $2,345,000 after purchasing an additional 90,054 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of KE in the second quarter worth about $1,142,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of KE by 5.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company's stock worth $31,529,000 after purchasing an additional 76,517 shares during the period. Finally, MBB Public Markets I LLC purchased a new stake in KE in the second quarter valued at approximately $627,000. Hedge funds and other institutional investors own 39.34% of the company's stock.
KE Stock Performance
NYSE BEKE traded up $0.12 during mid-day trading on Friday, reaching $18.38. 5,102,314 shares of the stock were exchanged, compared to its average volume of 9,245,819. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The business's 50 day moving average is $20.32 and its 200-day moving average is $17.36. The company has a market capitalization of $22.21 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.76 and a beta of -0.77.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup started coverage on shares of KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price for the company. Finally, Barclays upped their price target on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.
Read Our Latest Stock Analysis on KE
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.
Recommended Stories
Before you consider KE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KE wasn't on the list.
While KE currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
