Geode Capital Management LLC lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,765,337 shares of the company's stock after acquiring an additional 44,797 shares during the quarter. Geode Capital Management LLC owned 0.31% of KE worth $74,323,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the 3rd quarter worth approximately $30,000. Blue Trust Inc. raised its stake in shares of KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after buying an additional 3,168 shares during the period. Rakuten Securities Inc. lifted its position in shares of KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock valued at $67,000 after buying an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after acquiring an additional 4,021 shares during the period. Finally, Signaturefd LLC grew its stake in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock worth $110,000 after acquiring an additional 866 shares during the period. 39.34% of the stock is currently owned by institutional investors.
KE Stock Performance
BEKE traded up $0.12 on Friday, hitting $18.38. 5,102,314 shares of the company were exchanged, compared to its average volume of 9,245,819. The firm has a fifty day simple moving average of $20.32 and a two-hundred day simple moving average of $17.35. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The stock has a market capitalization of $22.21 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.76 and a beta of -0.77.
Wall Street Analyst Weigh In
Several research firms have commented on BEKE. Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock. Finally, 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 note on Wednesday, October 30th.
Check Out Our Latest Report 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.
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