Mirae Asset Global Investments Co. Ltd. Sells 123,405 Shares of KE Holdings Inc. (NYSE:BEKE)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,279 shares of the company's stock after selling 123,405 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in KE were worth $4,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE in the 3rd quarter valued at $30,000. Rakuten Securities Inc. boosted its stake in shares of KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock valued at $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of KE by 5,089.9% in 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 last quarter. US Bancorp DE boosted 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 valued at $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of KE in the 3rd quarter valued at $219,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BEKE. Barclays increased 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 raised shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Performance

Shares of KE stock traded up $1.08 during trading hours on Wednesday, reaching $20.55. The company's stock had a trading volume of 16,433,945 shares, compared to its average volume of 7,511,570. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company has a market capitalization of $24.83 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.95 and a beta of -0.76. The stock's fifty day simple moving average is $18.00 and its two-hundred day simple moving average is $18.01.

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.