Wellington Management Group LLP Sells 585,941 Shares of KE Holdings Inc. (NYSE:BEKE)

Wellington Management Group LLP reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,083,616 shares of the company's stock after selling 585,941 shares during the period. Wellington Management Group LLP owned 1.07% of KE worth $260,495,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. grew its holdings in KE by 5.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company's stock worth $199,000 after acquiring an additional 683 shares during the period. SG Americas Securities LLC increased its holdings in KE by 37.6% in the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company's stock worth $3,337,000 after purchasing an additional 64,449 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in KE in the second quarter valued at approximately $2,652,000. Blue Trust Inc. boosted its holdings in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after buying an additional 3,168 shares in the last quarter. Finally, Ninety One North America Inc. grew its position in shares of KE by 25.5% during the 2nd quarter. Ninety One North America Inc. now owns 1,689,193 shares of the company's stock worth $23,902,000 after buying an additional 343,668 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of KE in a research note on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price on the stock. Barclays increased their price objective 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. Finally, Bank of America raised KE from a "neutral" rating to a "buy" rating and boosted their target price for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Stock Performance

BEKE remained flat at $18.82 during trading on Friday. 5,589,641 shares of the company's stock traded hands, compared to its average volume of 7,981,856. The company has a market cap of $22.74 billion, a PE ratio of 38.41, a P/E/G ratio of 4.39 and a beta of -0.77. The firm's fifty day moving average price is $21.06 and its 200 day moving average price is $17.19. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.

About KE

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.