Sumitomo Mitsui DS Asset Management Company Ltd Trims Stock Position in KE Holdings Inc. (NYSE:BEKE)

Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in shares of KE Holdings Inc. (NYSE:BEKEFree Report) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,385 shares of the company’s stock after selling 82,849 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KE were worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new position in KE during the third quarter worth approximately $1,124,000. XTX Topco Ltd grew its stake in KE by 324.8% in the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after acquiring an additional 90,054 shares during the period. TT International Asset Management LTD purchased a new stake in KE in the 4th quarter worth $717,000. Headwater Capital Co Ltd acquired a new position in KE during the fourth quarter worth $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in KE by 5.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after purchasing an additional 76,517 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BEKE shares. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

View Our Latest Research Report on KE

KE Trading Up 0.2 %

KE stock opened at $17.90 on Monday. The stock has a market cap of $21.63 billion, a P/E ratio of 36.53, a PEG ratio of 2.95 and a beta of -0.76. The company has a 50-day moving average price of $18.00 and a 200 day moving average price of $17.93. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05.

KE Company Profile

(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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Institutional Ownership by Quarter for KE (NYSE:BEKE)

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