KE Holdings Inc. (NYSE:BEKE) Stock Holdings Lessened by State Street Corp

State Street Corp cut its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,738,390 shares of the company's stock after selling 37,030 shares during the period. State Street Corp owned approximately 0.88% of KE worth $213,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the third quarter valued at about $30,000. Blue Trust Inc. increased its position in shares of KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock valued at $45,000 after acquiring an additional 3,168 shares during the period. Rakuten Securities Inc. raised its stake in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company's stock worth $67,000 after acquiring an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC lifted its position in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock worth $82,000 after acquiring an additional 4,021 shares during the period. Finally, Signaturefd LLC grew its stake in KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company's stock valued at $110,000 after purchasing an additional 866 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays lifted 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. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price target on the stock. Finally, Bank of America raised KE from a "neutral" rating to a "buy" rating and increased their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Trading Down 1.6 %

Shares of NYSE:BEKE traded down $0.32 on Thursday, reaching $20.19. 4,242,521 shares of the company were exchanged, compared to its average volume of 9,299,094. The company has a 50-day moving average of $20.94 and a 200-day moving average of $17.26. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 4.37 and a beta of -0.77.

KE Profile

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.