Zurcher Kantonalbank Zurich Cantonalbank Has $8.68 Million Position in KE Holdings Inc. (NYSE:BEKE)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 162.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 471,036 shares of the company's stock after acquiring an additional 291,387 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in KE were worth $8,676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of 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. Janney Montgomery Scott LLC acquired a new stake in KE in the third quarter worth approximately $1,723,000. Crossmark Global Holdings Inc. boosted its stake in KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after purchasing an additional 1,692 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of KE by 5,089.9% during the 3rd 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. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company's stock worth $31,529,000 after buying an additional 76,517 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

KE Trading Up 2.6 %

Shares of KE stock traded up $0.64 on Monday, reaching $25.03. 15,107,267 shares of the company were exchanged, compared to its average volume of 9,156,555. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 51.09, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The stock has a fifty day moving average price of $19.41 and a 200-day moving average price of $19.25.

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Wall Street Analysts Forecast Growth

Separately, Barclays lifted their target price on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th.

KE 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.