Ninety One UK Ltd raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,610,586 shares of the company's stock after purchasing an additional 62,265 shares during the quarter. Ninety One UK Ltd owned 0.30% of KE worth $66,507,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in BEKE. Allspring Global Investments Holdings LLC raised its position in shares of KE by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company's stock worth $1,170,000 after acquiring an additional 1,271 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE in the third quarter valued at about $30,000. Crossmark Global Holdings Inc. raised its holdings in KE by 6.6% in the third quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock worth $541,000 after purchasing an additional 1,692 shares in the last quarter. US Bancorp DE lifted its position in shares of KE by 41.6% during the third 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, Creative Planning lifted its position in shares of KE by 7.1% during the third quarter. Creative Planning now owns 30,002 shares of the company's stock valued at $597,000 after buying an additional 1,988 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Stock Up 0.2 %
Shares of KE stock traded up $0.04 during midday trading on Friday, hitting $17.90. The company had a trading volume of 4,626,874 shares, compared to its average volume of 6,427,995. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 2.95 and a beta of -0.76. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The company has a fifty day simple moving average of $18.00 and a 200 day simple moving average of $17.87.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays upped their price target on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th.
Check Out Our Latest Research Report on BEKE
KE Company Profile
(
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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