XTX Topco Ltd Grows Stake in KE Holdings Inc. (NYSE:BEKE)

XTX Topco Ltd increased its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 324.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,780 shares of the company's stock after acquiring an additional 90,054 shares during the quarter. XTX Topco Ltd's holdings in KE were worth $2,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RWC Asset Advisors US LLC purchased a new stake in KE in the 2nd quarter valued at $70,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KE by 203.1% during the third 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 during the period. ANTIPODES PARTNERS Ltd grew its holdings in shares of KE by 180.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company's stock worth $59,268,000 after buying an additional 2,694,260 shares during the last quarter. Assenagon Asset Management S.A. increased its position in KE by 1,155.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company's stock valued at $46,854,000 after acquiring an additional 2,165,863 shares during the period. Finally, Turiya Advisors Asia Ltd raised its stake in KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company's stock valued at $71,743,000 after acquiring an additional 1,824,206 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

BEKE stock remained flat at $18.82 on Friday. The company had a trading volume of 5,589,641 shares, compared to its average volume of 7,981,856. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company has a fifty day moving average of $21.06 and a two-hundred day moving average of $17.19. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 38.41, a PEG ratio of 4.39 and a beta of -0.77.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BEKE. Bank of America upgraded KE from a "neutral" rating to a "buy" rating and lifted their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup began coverage on shares of KE in a research report on Tuesday, September 10th. They set a "buy" rating and a $23.80 price objective for the company. Finally, Barclays lifted their target price on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, November 25th.

About KE

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.