KE Holdings Inc. (NYSE:BEKE) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. decreased its stake in KE Holdings Inc. (NYSE:BEKE) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,846 shares of the company’s stock after selling 104,792 shares during the period. KE makes up 5.5% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 5th largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in KE were worth $6,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE in the 3rd quarter worth $30,000. Rakuten Securities Inc. raised its position 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 valued at $67,000 after buying an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC lifted 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 during the period. US Bancorp DE grew its position in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after buying an additional 1,823 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in KE during the second quarter valued at about $146,000. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 2.9 %

NYSE BEKE opened at $17.07 on Monday. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.78 and a beta of -0.76. The stock’s 50 day moving average is $18.40 and its two-hundred day moving average is $17.72.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays raised their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

KE Company 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.