WT Asset Management Ltd Has $42.87 Million Holdings in KE Holdings Inc. (NYSE:BEKE)

WT Asset Management Ltd grew its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 1,761.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,327,198 shares of the company's stock after acquiring an additional 2,202,198 shares during the period. KE accounts for 4.7% of WT Asset Management Ltd's portfolio, making the stock its 9th largest holding. WT Asset Management Ltd owned about 0.19% of KE worth $42,867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE during the 3rd quarter valued at about $30,000. Rakuten Securities Inc. grew 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 worth $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC raised its holdings in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after purchasing an additional 4,021 shares during the period. US Bancorp DE raised its stake in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after buying an additional 1,823 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of KE in the 3rd quarter valued at approximately $219,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America raised KE from a "neutral" rating to a "buy" rating and upped their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays increased their price target on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.

KE Trading Up 0.2 %

BEKE stock traded up $0.04 during trading hours on Friday, hitting $17.90. 4,626,874 shares of the stock were exchanged, compared to its average volume of 6,427,995. The company has a 50-day simple moving average of $18.00 and a two-hundred day simple moving average of $17.87. The firm has a market capitalization of $21.63 billion, a P/E ratio of 36.53, a P/E/G ratio of 2.95 and a beta of -0.76. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

About KE

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.