Point72 Hong Kong Ltd trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 99.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,376 shares of the company's stock after selling 899,740 shares during the period. Point72 Hong Kong Ltd's holdings in KE were worth $187,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in KE during the 3rd quarter valued at $1,124,000. Lighthouse Investment Partners LLC bought a new position in shares of KE during the second quarter valued at about $1,142,000. SG Americas Securities LLC boosted its holdings in shares of KE by 37.6% during the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company's stock worth $3,337,000 after purchasing an additional 64,449 shares during the period. MBB Public Markets I LLC bought a new stake in shares of KE in the second quarter worth about $627,000. Finally, Bank of Montreal Can increased its holdings in KE by 54.5% during the 2nd quarter. Bank of Montreal Can now owns 98,600 shares of the company's stock valued at $1,395,000 after purchasing an additional 34,800 shares during the period. 39.34% of the stock is owned by institutional investors.
KE Stock Down 0.2 %
Shares of NYSE:BEKE traded down $0.03 during trading on Tuesday, hitting $19.28. The stock had a trading volume of 3,900,921 shares, compared to its average volume of 8,101,738. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The company has a market capitalization of $23.30 billion, a PE ratio of 39.35, a PEG ratio of 4.48 and a beta of -0.77. The firm's fifty day moving average is $21.00 and its 200 day moving average is $17.18.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Barclays increased their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Finally, Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price objective for the company.
Get Our Latest Stock 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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