E Fund Management Hong Kong Co. Ltd. Decreases Position in KE Holdings Inc. (NYSE:BEKE)

E Fund Management Hong Kong Co. Ltd. decreased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,846 shares of the company’s stock after selling 104,792 shares during the period. KE comprises 5.5% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 5th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in KE were worth $6,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE during the 3rd quarter valued at $30,000. Rakuten Securities Inc. grew its holdings in shares of KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares in the last quarter. US Bancorp DE raised its holdings in shares of KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in KE during the 2nd quarter worth about $146,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Up 2.9 %

Shares of BEKE stock opened at $17.07 on Monday. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.78 and a beta of -0.76. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The stock has a 50-day moving average price of $18.40 and a 200 day moving average price of $17.72.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and raised their price target for the company 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.