Robeco Institutional Asset Management B.V. lifted its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,274,883 shares of the company's stock after purchasing an additional 99,738 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of KE worth $23,483,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BEKE. Bank of Montreal Can grew its position in KE by 54.5% in the second quarter. Bank of Montreal Can now owns 98,600 shares of the company's stock valued at $1,395,000 after acquiring an additional 34,800 shares during the period. Creative Planning lifted its holdings in KE by 106.6% during the 2nd quarter. Creative Planning now owns 28,014 shares of the company's stock valued at $396,000 after purchasing an additional 14,457 shares during the last quarter. Maven Securities LTD bought a new stake in KE during the second quarter worth about $354,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in KE by 23.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,068,300 shares of the company's stock worth $15,116,000 after buying an additional 204,900 shares during the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of KE during the third quarter worth approximately $2,328,000. Institutional investors own 39.34% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BEKE. Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. Bank of America raised 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.
Get Our Latest Analysis on KE
KE Stock Down 5.5 %
NYSE:BEKE traded down $0.95 during trading hours on Monday, hitting $16.48. 4,370,117 shares of the stock were exchanged, compared to its average volume of 6,716,542. The company's 50 day moving average is $18.14 and its two-hundred day moving average is $17.81. The company has a market capitalization of $19.91 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 2.88 and a beta of -0.76. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.
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.
Further Reading
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