Verition Fund Management LLC decreased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 66.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,013 shares of the company's stock after selling 663,987 shares during the period. Verition Fund Management LLC's holdings in KE were worth $6,690,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BEKE. California State Teachers Retirement System grew its position in KE by 14.8% in the first quarter. California State Teachers Retirement System now owns 247,321 shares of the company's stock valued at $3,396,000 after acquiring an additional 31,928 shares in the last quarter. Swedbank AB purchased a new stake in KE during the 1st quarter worth $3,393,000. DNB Asset Management AS increased its stake in KE by 8.3% during the 2nd quarter. DNB Asset Management AS now owns 46,511 shares of the company's stock worth $658,000 after buying an additional 3,562 shares during the period. LifePro Asset Management acquired a new position in KE in the 2nd quarter worth $3,634,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in KE by 2.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 526,599 shares of the company's stock valued at $7,451,000 after buying an additional 11,584 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.
KE Stock Performance
Shares of BEKE stock traded up $0.46 during trading hours on Monday, hitting $19.31. 5,323,402 shares of the company were exchanged, compared to its average volume of 9,363,731. The stock has a market capitalization of $23.33 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 4.34 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The business's 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $17.18.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on BEKE. Barclays lifted their target price on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Citigroup began coverage on KE in a report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price objective on the stock. Finally, Bank of America upgraded KE from a "neutral" rating to a "buy" rating and increased 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 BEKE
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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