Sumitomo Mitsui Trust Group Inc. lessened its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,452,453 shares of the company's stock after selling 131,132 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of KE worth $26,754,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of KE by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company's stock worth $1,170,000 after buying an additional 1,271 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE during the third quarter worth approximately $30,000. Crossmark Global Holdings Inc. boosted its holdings in shares of KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after purchasing an additional 1,692 shares during the last quarter. US Bancorp DE raised its stake in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company's stock valued at $124,000 after acquiring an additional 1,823 shares during the period. Finally, Creative Planning raised its stake in shares of KE by 7.1% in the 3rd quarter. Creative Planning now owns 30,002 shares of the company's stock valued at $597,000 after acquiring an additional 1,988 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on BEKE shares. Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and boosted their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.
Check Out Our Latest Analysis on KE
KE Trading Up 0.5 %
NYSE:BEKE traded up $0.11 during trading hours on Friday, hitting $20.50. 8,229,620 shares of the company traded hands, compared to its average volume of 6,427,995. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 2.95 and a beta of -0.76. The firm has a 50-day moving average of $18.10 and a 200 day moving average of $18.12.
About KE
(
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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