XY Capital Ltd Has $2.66 Million Position in KE Holdings Inc. (NYSE:BEKE)

XY Capital Ltd decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 63.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,261 shares of the company's stock after selling 250,557 shares during the period. KE accounts for 1.3% of XY Capital Ltd's portfolio, making the stock its 9th largest position. XY Capital Ltd's holdings in KE were worth $2,657,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE in the third quarter valued at about $30,000. Rakuten Securities Inc. raised its position in shares of KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after purchasing an additional 3,345 shares during the period. Venturi Wealth Management LLC raised its position in shares of KE by 5,089.9% during 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 position in shares of KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after purchasing an additional 1,823 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of KE during the third quarter worth about $219,000. Institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

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

KE Stock Performance

KE stock traded down $0.17 during midday trading on Thursday, reaching $20.36. The stock had a trading volume of 11,399,722 shares, compared to its average volume of 7,645,894. The firm's fifty day simple moving average is $18.06 and its 200-day simple moving average is $18.04. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The stock has a market capitalization of $24.60 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76.

KE Company Profile

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.