Matthews International Capital Management LLC lessened its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 66.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 954,646 shares of the company's stock after selling 1,868,493 shares during the period. KE accounts for 3.6% of Matthews International Capital Management LLC's portfolio, making the stock its 10th biggest holding. Matthews International Capital Management LLC owned about 0.08% of KE worth $17,585,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE during the 3rd quarter valued at about $30,000. Rakuten Securities Inc. boosted its holdings in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after buying an additional 4,021 shares during the period. US Bancorp DE boosted its holdings in shares of KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company's stock worth $124,000 after buying an additional 1,823 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE in the second quarter worth about $146,000. Institutional investors own 39.34% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on BEKE shares. Barclays raised their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th.
Read Our Latest Stock Analysis on BEKE
KE Stock Performance
Shares of NYSE BEKE traded down $0.42 during mid-day trading on Tuesday, reaching $17.10. The company had a trading volume of 5,526,426 shares, compared to its average volume of 6,951,625. The stock has a fifty day moving average of $18.27 and a two-hundred day moving average of $17.75. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 2.78 and a beta of -0.76. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05.
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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