Sumitomo Mitsui Trust Group Inc. raised its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,583,585 shares of the company's stock after buying an additional 76,517 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.13% of KE worth $31,529,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of KE by 2,662.2% during 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. Venturi Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 4,021 shares in the last quarter. Signaturefd LLC increased its holdings in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. US Bancorp DE increased its holdings in shares of KE by 41.6% during the third 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of KE during the second quarter valued at about $146,000. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Price Performance
NYSE:BEKE traded up $0.16 during midday trading on Friday, hitting $19.52. The company's stock had a trading volume of 7,431,504 shares, compared to its average volume of 8,964,982. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm's 50 day moving average is $19.84 and its 200-day moving average is $17.02. The firm has a market cap of $23.86 billion, a P/E ratio of 40.67, a P/E/G ratio of 4.29 and a beta of -0.73.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on BEKE shares. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup initiated coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price target on the stock.
Check Out Our Latest Research Report on KE
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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