Maytree Asset Management Ltd Takes Position in KE Holdings Inc. (NYSE:BEKE)

Maytree Asset Management Ltd purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,524 shares of the company's stock, valued at approximately $415,000. KE makes up about 0.9% of Maytree Asset Management Ltd's investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE in the 3rd quarter valued at approximately $30,000. Principal Securities Inc. lifted its stake in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares in the last quarter. Rakuten Securities Inc. boosted its holdings 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 valued at $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC increased its position 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 worth $82,000 after acquiring an additional 4,021 shares in the last quarter. Finally, US Bancorp DE raised 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 worth $124,000 after acquiring an additional 1,823 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Price Performance

BEKE stock traded up $0.67 during midday trading on Friday, hitting $20.89. The company's stock had a trading volume of 8,916,731 shares, compared to its average volume of 7,926,282. The company's fifty day moving average price is $18.09 and its 200 day moving average price is $18.32. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The stock has a market capitalization of $25.25 billion, a P/E ratio of 42.64, a PEG ratio of 3.30 and a beta of -0.76.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BEKE shares. Barclays upped their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th.

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.