Greenwoods Asset Management Hong Kong Ltd. lowered its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 43.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 543,800 shares of the company's stock after selling 416,922 shares during the period. KE comprises about 0.3% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 25th biggest holding. Greenwoods Asset Management Hong Kong Ltd.'s holdings in KE were worth $10,017,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. US Bancorp DE increased its holdings in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after buying an additional 1,823 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of KE during the 3rd quarter valued at $1,723,000. M&G PLC increased its stake in shares of KE by 16.4% in the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after purchasing an additional 1,422,667 shares in the last quarter. XY Capital Ltd raised its holdings in KE by 2,327.3% in the 3rd quarter. XY Capital Ltd now owns 394,818 shares of the company's stock worth $7,861,000 after purchasing an additional 378,552 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in KE by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after purchasing an additional 1,692 shares in the last quarter. Institutional investors own 39.34% of the company's stock.
Analysts Set New Price Targets
Separately, Barclays raised their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th.
Get Our Latest Analysis on BEKE
KE Trading Up 4.1 %
Shares of BEKE traded up $0.93 during trading hours on Tuesday, reaching $23.40. 12,911,113 shares of the stock traded hands, compared to its average volume of 9,052,800. The company has a market cap of $28.27 billion, a P/E ratio of 47.75, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The company's 50-day moving average price is $19.01 and its two-hundred day moving average price is $19.01. KE Holdings Inc. has a 52-week low of $12.48 and a 52-week high of $26.05.
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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