Bank of New York Mellon Corp Sells 441,100 Shares of KE Holdings Inc. (NYSE:BEKE)

Bank of New York Mellon Corp cut its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 653,835 shares of the company's stock after selling 441,100 shares during the period. Bank of New York Mellon Corp owned approximately 0.05% of KE worth $12,044,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the 3rd quarter valued at about $30,000. Principal Securities Inc. grew its holdings in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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 raised its holdings in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after buying an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in KE during the 3rd quarter valued at $219,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Up 2.6 %

Shares of NYSE:BEKE traded up $0.64 on Monday, hitting $25.03. The company had a trading volume of 15,104,229 shares, compared to its average volume of 9,156,542. The firm's 50-day simple moving average is $19.41 and its two-hundred day simple moving average is $19.25. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 51.09, a P/E/G ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05.

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Analysts Set New Price Targets

Separately, Barclays boosted their price objective on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Monday, November 25th.

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.