Park Avenue Securities LLC bought a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,481 shares of the company's stock, valued at approximately $304,000.
A number of other large investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in KE by 36.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company's stock valued at $59,155,000 after acquiring an additional 858,185 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of KE in the 4th quarter valued at about $717,000. Headwater Capital Co Ltd acquired a new stake in shares of KE during the 4th quarter worth approximately $11,052,000. Lord Abbett & CO. LLC bought a new stake in shares of KE during the third quarter worth approximately $28,956,000. Finally, Franklin Resources Inc. lifted its holdings in KE by 191.4% in the third quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock valued at $11,750,000 after buying an additional 387,598 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
BEKE has been the subject of a number of analyst reports. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th.
Read Our Latest Analysis on KE
KE Stock Performance
NYSE BEKE traded up $0.49 during trading hours on Friday, reaching $17.07. 8,061,523 shares of the company's stock were exchanged, compared to its average volume of 5,207,584. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company's 50-day moving average is $18.40 and its two-hundred day moving average is $17.71. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.78 and a beta of -0.76.
KE 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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