Assenagon Asset Management S.A. increased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 36.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,211,453 shares of the company's stock after buying an additional 858,185 shares during the quarter. Assenagon Asset Management S.A. owned 0.27% of KE worth $59,155,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. M&G PLC increased its position in KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $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 stake in shares of 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 period. CoreView Capital Management Ltd increased its holdings 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 acquiring an additional 515,197 shares during the last quarter. Turiya Advisors Asia Ltd raised 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 valued at $71,743,000 after acquiring an additional 1,824,206 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in KE by 1.2% during 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. Institutional investors own 39.34% of the company's stock.
KE Price Performance
BEKE stock traded up $0.00 during midday trading on Thursday, reaching $16.67. The company had a trading volume of 4,622,535 shares, compared to its average volume of 6,815,214. The company has a market capitalization of $20.15 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.71 and a beta of -0.76. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The firm has a 50-day moving average price of $18.94 and a 200-day moving average price of $17.63.
Analyst Ratings Changes
BEKE has been the subject of several analyst reports. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the company from $24.00 to $28.00 in a report 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.
Check Out Our Latest Research Report 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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