Sumitomo Mitsui DS Asset Management Company Ltd Sells 82,849 Shares of KE Holdings Inc. (NYSE:BEKE)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,385 shares of the company's stock after selling 82,849 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in KE were worth $3,083,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in KE by 203.1% during 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 last quarter. WT Asset Management Ltd boosted its stake in KE by 1,761.8% during the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock worth $42,867,000 after acquiring an additional 2,202,198 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in KE by 1,155.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock worth $46,854,000 after acquiring an additional 2,165,863 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of KE during the third quarter worth $28,956,000. Finally, M&G PLC boosted its position in shares of KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after purchasing an additional 1,422,667 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays lifted their target price on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th.

KE Stock Down 0.8 %

BEKE traded down $0.17 during trading on Thursday, hitting $20.36. The company had a trading volume of 11,399,722 shares, compared to its average volume of 7,645,894. The company has a market capitalization of $24.60 billion, a PE ratio of 41.54, a PEG ratio of 2.95 and a beta of -0.76. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The firm's 50-day moving average price is $18.06 and its 200 day moving average price is $18.04.

KE Company 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.