Shares of KE Holdings Inc. (NYSE:BEKE - Get Free Report) rose 6.9% during mid-day trading on Wednesday . The stock traded as high as $23.68 and last traded at $23.86. Approximately 4,112,997 shares traded hands during trading, a decline of 52% from the average daily volume of 8,530,042 shares. The stock had previously closed at $22.32.
Wall Street Analysts Forecast Growth
Separately, Barclays lifted their price objective on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.
View Our Latest Stock Report on KE
KE Stock Down 1.0 %
The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 49.44, a P/E/G ratio of 3.45 and a beta of -0.82. The company's 50 day simple moving average is $18.93 and its two-hundred day simple moving average is $18.96.
Institutional Investors Weigh In On KE
Several institutional investors have recently bought and sold shares of BEKE. Canada Pension Plan Investment Board boosted its stake in KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after acquiring an additional 11,182,265 shares in the last quarter. Norges Bank acquired a new stake in shares of KE during the fourth quarter worth $130,167,000. Aspex Management HK Ltd acquired a new stake in shares of KE during the fourth quarter worth $119,996,000. H Capital V GP L.P. acquired a new stake in shares of KE during the fourth quarter worth $91,147,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of KE by 504.2% during the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after buying an additional 4,709,266 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.
About KE
(
Get 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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