Turiya Advisors Asia Ltd Sells 1,643,300 Shares of KE Holdings Inc. (NYSE:BEKE)

Turiya Advisors Asia Ltd lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 32.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,426,906 shares of the company's stock after selling 1,643,300 shares during the period. KE comprises about 44.7% of Turiya Advisors Asia Ltd's holdings, making the stock its 2nd largest holding. Turiya Advisors Asia Ltd owned approximately 0.28% of KE worth $68,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after acquiring an additional 3,168 shares in the last quarter. Rakuten Securities Inc. grew 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 acquiring an additional 3,345 shares during the period. Venturi Wealth Management LLC grew its holdings in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock valued at $82,000 after purchasing an additional 4,021 shares during the period. Signaturefd LLC increased its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock worth $110,000 after buying an additional 866 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after acquiring an additional 1,823 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

NYSE BEKE traded down $0.82 during trading hours on Monday, reaching $18.58. The stock had a trading volume of 5,437,519 shares, compared to its average volume of 9,387,343. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The stock has a fifty day moving average of $20.46 and a 200 day moving average of $17.14. The stock has a market cap of $22.45 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 4.26 and a beta of -0.73.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent research reports. Citigroup started coverage on KE in a research report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price target on the stock. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Finally, Barclays upped their price target on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday.

KE Company Profile

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.