Y Intercept Hong Kong Ltd Takes Position in KE Holdings Inc. (NYSE:BEKE)

Y Intercept Hong Kong Ltd acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 680,062 shares of the company's stock, valued at approximately $13,540,000. KE comprises 0.8% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 6th largest holding. Y Intercept Hong Kong Ltd owned 0.06% of KE at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BEKE. QRG Capital Management Inc. increased its stake in shares of KE by 5.1% during the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company's stock worth $199,000 after purchasing an additional 683 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of KE by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company's stock worth $3,337,000 after buying an additional 64,449 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of KE during the 2nd quarter worth about $2,652,000. Blue Trust Inc. boosted its holdings in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after buying an additional 3,168 shares during the period. Finally, Ninety One North America Inc. boosted its holdings in shares of KE by 25.5% during the 2nd quarter. Ninety One North America Inc. now owns 1,689,193 shares of the company's stock worth $23,902,000 after buying an additional 343,668 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Up 11.7 %

NYSE BEKE traded up $2.20 during trading on Monday, reaching $21.03. The company's stock had a trading volume of 22,070,849 shares, compared to its average volume of 9,339,952. The firm has a market capitalization of $25.41 billion, a price-to-earnings ratio of 42.91, a price-to-earnings-growth ratio of 4.37 and a beta of -0.77. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The firm has a 50 day moving average price of $21.08 and a 200 day moving average price of $17.21.

Analyst Ratings Changes

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

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.