Union Bancaire Privee UBP SA Invests $409,000 in KE Holdings Inc. (NYSE:BEKE)

Union Bancaire Privee UBP SA bought a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,256 shares of the company's stock, valued at approximately $409,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in KE by 86.8% during the fourth quarter. Blue Trust Inc. now owns 27,810 shares of the company's stock worth $554,000 after acquiring an additional 12,924 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of KE during the fourth quarter worth approximately $234,000. Park Avenue Securities LLC bought a new stake in KE in the 4th quarter valued at $304,000. Assenagon Asset Management S.A. grew its holdings in KE by 36.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company's stock valued at $59,155,000 after buying an additional 858,185 shares in the last quarter. Finally, TT International Asset Management LTD bought a new position in KE during the 4th quarter worth $717,000. Institutional investors own 39.34% of the company's stock.

KE Price Performance

BEKE stock traded down $0.91 during midday trading on Friday, reaching $17.42. The company 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 stock has a 50 day moving average price of $18.14 and a 200-day moving average price of $17.79. The company has a market capitalization of $21.04 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.87 and a beta of -0.76.

Analyst Upgrades and Downgrades

BEKE has been the topic of several research reports. Bank of America upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their price target for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays increased 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.

KE 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.