Baillie Gifford & Co. reduced its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,317,362 shares of the company's stock after selling 124,592 shares during the period. Baillie Gifford & Co. owned about 0.11% of KE worth $24,266,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE in the 3rd quarter worth approximately $30,000. Principal Securities Inc. grew its stake in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. grew its stake in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after acquiring an additional 3,345 shares during the period. Venturi Wealth Management LLC grew its stake in KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after acquiring an additional 4,021 shares during the period. Finally, US Bancorp DE grew its stake in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after acquiring an additional 1,823 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Stock Performance
Shares of NYSE:BEKE traded up $0.67 during midday trading on Friday, hitting $20.89. 8,916,731 shares of the company's stock traded hands, compared to its average volume of 7,926,282. The company has a market cap of $25.25 billion, a PE ratio of 42.64, a P/E/G ratio of 3.30 and a beta of -0.76. The firm's fifty day moving average price is $18.09 and its two-hundred day moving average price is $18.32. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.
Check Out Our Latest Research Report on BEKE
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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