The Manufacturers Life Insurance Company cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,911,236 shares of the company's stock after selling 444,659 shares during the quarter. The Manufacturers Life Insurance Company owned 0.24% of KE worth $57,963,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. M&G PLC raised its position in KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after buying an additional 1,422,667 shares during the last quarter. Turiya Advisors Asia Ltd increased its holdings in shares of KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock valued at $71,743,000 after purchasing an additional 1,824,206 shares in the last quarter. RWC Asset Advisors US LLC purchased a new stake in KE in the 2nd quarter worth $70,807,000. ANTIPODES PARTNERS Ltd increased its holdings in KE by 180.3% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company's stock worth $59,268,000 after acquiring an additional 2,694,260 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in KE by 25.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,713,270 shares of the company's stock worth $52,543,000 after acquiring an additional 745,607 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.
KE Stock Performance
Shares of BEKE stock traded up $0.29 on Thursday, hitting $19.01. 7,305,658 shares of the stock traded hands, compared to its average volume of 9,400,588. The firm's 50-day moving average price is $20.76 and its two-hundred day moving average price is $17.17. The stock has a market capitalization of $22.97 billion, a PE ratio of 38.80, a PEG ratio of 4.18 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on BEKE. Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a "buy" rating and a $23.80 price target for the company. Barclays lifted their target price on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Bank of America raised shares of KE from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.
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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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