Headwater Capital Co Ltd acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 600,000 shares of the company's stock, valued at approximately $11,052,000. KE comprises approximately 5.9% of Headwater Capital Co Ltd's investment portfolio, making the stock its 8th biggest position.
A number of other large investors also recently modified their holdings of the company. M&G PLC grew its stake in shares of KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company's stock valued at $201,817,000 after buying an additional 1,422,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KE by 203.1% during the 3rd 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 acquiring an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd increased its stake in KE by 11.2% in the 3rd 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 during the period. Turiya Advisors Asia Ltd increased its stake in KE by 56.2% in the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock worth $71,743,000 after purchasing an additional 1,824,206 shares during the period. Finally, Geode Capital Management LLC lifted its position in KE by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company's stock valued at $74,323,000 after purchasing an additional 44,797 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Stock Performance
Shares of KE stock traded down $0.01 during midday trading on Monday, reaching $16.39. 6,761,092 shares of the company's stock traded hands, compared to its average volume of 7,897,353. The stock has a 50 day moving average of $19.29 and a 200-day moving average of $17.60. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The company has a market cap of $19.80 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 4.76 and a beta of -0.76.
Analysts Set New Price Targets
Several brokerages recently commented on BEKE. Barclays lifted their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.
Check Out Our Latest Research Report 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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