KE Holdings Inc. (NYSE:BEKE) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 319,106 shares of the company's stock after selling 333,491 shares during the period. Van ECK Associates Corp's holdings in KE were worth $5,878,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of KE by 2.2% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE in the 3rd quarter worth about $30,000. Crossmark Global Holdings Inc. increased its position 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 worth $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 purchasing an additional 1,823 shares in the last quarter. Finally, Creative Planning lifted its position in shares of KE by 7.1% during the third quarter. Creative Planning now owns 30,002 shares of the company's stock worth $597,000 after purchasing an additional 1,988 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BEKE has been the subject of several research analyst reports. Bank of America raised KE from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays boosted 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.

KE Price Performance

Shares of NYSE:BEKE traded up $0.67 during trading on Friday, reaching $20.89. 8,916,731 shares of the company's stock traded hands, compared to its average volume of 7,926,282. The company has a 50 day moving average of $18.09 and a 200-day moving average of $18.32. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The stock has a market capitalization of $25.25 billion, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 3.30 and a beta of -0.76.

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.