KE Holdings Inc. (NYSE:BEKE) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 3,315.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 944,667 shares of the company's stock after purchasing an additional 917,005 shares during the period. Vontobel Holding Ltd. owned about 0.08% of KE worth $17,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BEKE. M&G PLC increased its stake in KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company's stock worth $201,817,000 after buying an additional 1,422,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock worth $128,979,000 after buying an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd increased its position in shares of KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock worth $101,794,000 after purchasing an additional 515,197 shares in the last quarter. Geode Capital Management LLC increased its position in shares of KE by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company's stock worth $74,323,000 after purchasing an additional 44,797 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of KE by 1.8% during the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company's stock worth $66,507,000 after purchasing an additional 62,265 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Price Performance

Shares of BEKE traded down $0.80 during mid-day trading on Tuesday, reaching $19.71. The stock had a trading volume of 3,587,860 shares, compared to its average volume of 7,525,835. The business's fifty day moving average is $18.09 and its 200 day moving average is $18.20. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 2.95 and a beta of -0.76.

Analyst Upgrades and Downgrades

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

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.