Quadrature Capital Ltd cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 48.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,236 shares of the company's stock after selling 109,426 shares during the quarter. Quadrature Capital Ltd's holdings in KE were worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of BEKE. Quantinno Capital Management LP raised its position in KE by 32.3% in the 3rd quarter. Quantinno Capital Management LP now owns 21,774 shares of the company's stock valued at $434,000 after purchasing an additional 5,317 shares in the last quarter. Pinpoint Asset Management Ltd grew its stake in shares of KE by 65.7% in the 3rd quarter. Pinpoint Asset Management Ltd now owns 715,708 shares of the company's stock valued at $14,250,000 after purchasing an additional 283,733 shares during the last quarter. HighVista Strategies LLC boosted its stake in shares of KE by 28.7% in the third quarter. HighVista Strategies LLC now owns 30,507 shares of the company's stock valued at $607,000 after buying an additional 6,800 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE in the third quarter valued at approximately $30,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of KE in the third quarter worth $297,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.
KE Stock Performance
Shares of KE stock remained flat at $18.82 on Friday. The stock had a trading volume of 5,589,641 shares, compared to its average volume of 7,981,856. The stock has a fifty day moving average price of $21.06 and a 200-day moving average price of $17.20. The stock has a market capitalization of $22.74 billion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 4.39 and a beta of -0.77. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.
Analyst Upgrades and Downgrades
BEKE has been the subject of a number of research reports. Bank of America raised KE from a "neutral" rating to a "buy" rating and boosted their price target for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price target for the company. Finally, Barclays upped their price objective on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.
Read Our Latest 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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