Jennison Associates LLC boosted its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 72.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,761,520 shares of the company's stock after buying an additional 1,157,272 shares during the period. Jennison Associates LLC owned 0.23% of KE worth $50,867,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. China Universal Asset Management Co. Ltd. grew its position in shares of KE by 55.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock valued at $3,113,000 after purchasing an additional 60,000 shares in the last quarter. First Affirmative Financial Network lifted its stake in KE by 24.8% in the fourth quarter. First Affirmative Financial Network now owns 14,288 shares of the company's stock worth $263,000 after purchasing an additional 2,841 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of KE by 8.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,274,883 shares of the company's stock valued at $23,483,000 after acquiring an additional 99,738 shares in the last quarter. UG Investment Advisers Ltd. raised its stake in shares of KE by 60.3% during the fourth quarter. UG Investment Advisers Ltd. now owns 1,091,234 shares of the company's stock valued at $20,101,000 after acquiring an additional 410,477 shares in the last quarter. Finally, ABS Direct Equity Fund LLC increased its holdings in KE by 284.5% during the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock valued at $1,551,000 after buying an additional 62,300 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.
KE Price Performance
NYSE BEKE traded up $0.04 during trading hours on Friday, hitting $17.90. 4,626,874 shares of the company's stock traded hands, compared to its average volume of 6,427,995. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company has a market capitalization of $21.63 billion, a PE ratio of 36.53, a PEG ratio of 2.95 and a beta of -0.76. The firm's 50-day moving average is $18.00 and its 200-day moving average is $17.90.
Wall Street Analyst Weigh In
Several research firms have issued reports on BEKE. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th.
Read Our Latest Analysis on KE
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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