KBC Group NV trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 252,475 shares of the company's stock after selling 16,071 shares during the quarter. KBC Group NV's holdings in KE were worth $4,651,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in KE during the third quarter valued at $1,124,000. XTX Topco Ltd increased its holdings in shares of KE by 324.8% in the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock worth $2,345,000 after buying an additional 90,054 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of KE in the 4th quarter worth $717,000. Headwater Capital Co Ltd purchased a new stake in shares of KE during the 4th quarter valued at $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of KE by 5.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company's stock worth $31,529,000 after acquiring an additional 76,517 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.
Analyst Upgrades and Downgrades
BEKE has been the subject of several research analyst reports. Bank of America raised 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 research note on Wednesday, October 30th. Barclays boosted their target price on 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 Stock Analysis on KE
KE Price Performance
NYSE BEKE traded down $0.91 during trading on Friday, hitting $17.42. 4,830,000 shares of the company's stock traded hands, compared to its average volume of 6,185,415. The stock has a fifty day moving average of $18.14 and a two-hundred day moving average of $17.81. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The firm has a market cap of $21.04 billion, a P/E ratio of 35.54, a PEG ratio of 2.87 and a beta of -0.76.
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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