LMR Partners LLP Grows Holdings in KE Holdings Inc. (NYSE:BEKE)

LMR Partners LLP grew its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 87.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,568 shares of the company's stock after buying an additional 51,428 shares during the quarter. LMR Partners LLP's holdings in KE were worth $2,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BEKE. Blue Trust Inc. grew its stake 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 valued at $45,000 after acquiring an additional 3,168 shares during the period. Rakuten Securities Inc. boosted its position in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after purchasing an additional 3,345 shares during the period. 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 purchasing an additional 4,021 shares in the last quarter. Signaturefd LLC raised its position in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after purchasing an additional 866 shares during the period. Finally, US Bancorp DE lifted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Up 0.4 %

Shares of KE stock traded up $0.08 during trading on Tuesday, reaching $20.63. The company's stock had a trading volume of 7,082,079 shares, compared to its average volume of 9,401,694. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market cap of $25.22 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 4.29 and a beta of -0.73. The company has a 50-day simple moving average of $19.96 and a two-hundred day simple moving average of $17.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BEKE shares. Bank of America raised KE from a "neutral" rating to a "buy" rating and raised their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup started coverage on KE in a research report on Tuesday, September 10th. They set a "buy" rating and a $23.80 target price for the company.

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.