UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,340,517 Shares of KE Holdings Inc. (NYSE:BEKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 203.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,478,102 shares of the company's stock after buying an additional 4,340,517 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.53% of KE worth $128,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BEKE. California State Teachers Retirement System grew its position in KE by 14.8% during the first quarter. California State Teachers Retirement System now owns 247,321 shares of the company's stock valued at $3,396,000 after purchasing an additional 31,928 shares in the last quarter. Swedbank AB acquired a new position in shares of KE in the first quarter worth $3,393,000. DNB Asset Management AS boosted its position in KE by 8.3% during the second quarter. DNB Asset Management AS now owns 46,511 shares of the company's stock valued at $658,000 after purchasing an additional 3,562 shares during the last quarter. LifePro Asset Management purchased a new position in KE in the second quarter valued at about $3,634,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in KE by 2.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 526,599 shares of the company's stock valued at $7,451,000 after purchasing an additional 11,584 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Performance

Shares of NYSE BEKE traded up $0.46 during mid-day trading on Monday, reaching $19.31. 5,323,402 shares of the company traded hands, compared to its average volume of 9,363,731. The company's fifty day moving average is $20.93 and its two-hundred day moving average is $17.18. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The stock has a market cap of $23.33 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 4.34 and a beta of -0.73.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BEKE shares. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They issued a "buy" rating and a $23.80 target price for the company. Finally, Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

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.