Royal London Asset Management Ltd. lessened its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,050,900 shares of the company's stock after selling 26,700 shares during the quarter. Royal London Asset Management Ltd. owned about 0.09% of KE worth $20,923,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinpoint Asset Management Ltd increased its position in KE by 65.7% in the third quarter. Pinpoint Asset Management Ltd now owns 715,708 shares of the company's stock worth $14,250,000 after purchasing an additional 283,733 shares during the last quarter. HighVista Strategies LLC raised its position in KE by 28.7% in the 3rd quarter. HighVista Strategies LLC now owns 30,507 shares of the company's stock worth $607,000 after purchasing an additional 6,800 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in KE in the third quarter worth about $30,000. Flow Traders U.S. LLC bought a new position in shares of KE during the third quarter valued at approximately $297,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock worth $128,979,000 after buying an additional 4,340,517 shares during the period. Institutional investors own 39.34% of the company's stock.
KE Price Performance
BEKE stock remained flat at $18.82 during trading on Friday. 5,589,641 shares of the company traded hands, compared to its average volume of 7,981,856. The company has a market capitalization of $22.74 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 4.39 and a beta of -0.77. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The stock's 50-day moving average price is $21.06 and its two-hundred day moving average price is $17.20.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on BEKE shares. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased 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. Finally, Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company.
Check Out Our Latest Stock Report on KE
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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