Asset Management One Co. Ltd. raised its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,084 shares of the company's stock after buying an additional 14,642 shares during the period. Asset Management One Co. Ltd.'s holdings in KE were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Creative Planning increased its stake in KE by 7.1% during the 3rd quarter. Creative Planning now owns 30,002 shares of the company's stock valued at $597,000 after purchasing an additional 1,988 shares in the last quarter. Blue Trust Inc. boosted its holdings in KE by 352.9% during the third quarter. Blue Trust Inc. now owns 14,886 shares of the company's stock worth $296,000 after buying an additional 11,599 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of KE by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company's stock valued at $1,170,000 after purchasing an additional 1,271 shares during the period. Assenagon Asset Management S.A. grew its position in shares of KE by 1,155.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock valued at $46,854,000 after purchasing an additional 2,165,863 shares during the period. Finally, abrdn plc grew its position in shares of KE by 24.5% in the third quarter. abrdn plc now owns 591,835 shares of the company's stock valued at $11,869,000 after purchasing an additional 116,367 shares during the period. Institutional investors own 39.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on BEKE. Barclays boosted their price target on shares of 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 upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.
Read Our Latest Analysis on KE
KE Stock Up 3.4 %
NYSE:BEKE traded up $0.69 during trading hours on Friday, reaching $20.91. 6,423,606 shares of the company's stock were exchanged, compared to its average volume of 7,845,723. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 3.30 and a beta of -0.76. The company has a 50-day moving average of $18.07 and a 200 day moving average of $18.27. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05.
KE Company 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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