Janney Montgomery Scott LLC decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 79.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,067 shares of the company's stock after selling 68,480 shares during the quarter. Janney Montgomery Scott LLC's holdings in KE were worth $333,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of BEKE. Central Asset Investments & Management Holdings HK Ltd bought a new position in KE during the third quarter worth about $1,124,000. XTX Topco Ltd raised its position in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock valued at $2,345,000 after buying an additional 90,054 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of KE in the fourth quarter valued at approximately $717,000. Headwater Capital Co Ltd acquired a new position in KE during the fourth quarter valued at approximately $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in KE by 5.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company's stock valued at $31,529,000 after purchasing an additional 76,517 shares in the last quarter. Institutional investors own 39.34% of the company's stock.
KE Trading Up 0.5 %
NYSE BEKE traded up $0.11 during trading hours on Friday, hitting $20.50. The company's stock had a trading volume of 8,229,620 shares, 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's 50-day simple moving average is $18.10 and its two-hundred day simple moving average is $18.12. The company has a market capitalization of $24.76 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Bank of America upgraded shares of 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 report on Wednesday, October 30th. Barclays increased their price target on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th.
Check Out Our Latest Analysis on KE
KE Profile
(
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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