UG Investment Advisers Ltd. boosted its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 60.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,091,234 shares of the company's stock after buying an additional 410,477 shares during the quarter. KE accounts for about 7.9% of UG Investment Advisers Ltd.'s portfolio, making the stock its 5th largest holding. UG Investment Advisers Ltd. owned about 0.09% of KE worth $20,101,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings 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 purchasing an additional 1,271 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE during the 3rd quarter worth about $30,000. Crossmark Global Holdings Inc. raised its stake in shares of KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company's stock valued at $541,000 after buying an additional 1,692 shares during the last quarter. US Bancorp DE lifted its holdings 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 buying an additional 1,823 shares during the period. Finally, Creative Planning boosted its stake in shares of KE by 7.1% in the third quarter. Creative Planning now owns 30,002 shares of the company's stock worth $597,000 after buying an additional 1,988 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in 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 research report on Monday, November 25th. Bank of America upgraded 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 Price Performance
NYSE BEKE traded down $0.91 during trading hours on Friday, reaching $17.42. The company's stock had a trading volume of 4,830,000 shares, compared to its average volume of 6,185,415. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company's 50-day moving average is $18.14 and its two-hundred day moving average is $17.79. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 2.87 and a beta of -0.76.
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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