KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its stake in KE Holdings Inc. (NYSE:BEKE) by 86.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,810 shares of the company’s stock after purchasing an additional 12,924 shares during the quarter. Blue Trust Inc.’s holdings in KE were worth $554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KE in the third quarter valued at $30,000. Rakuten Securities Inc. boosted its position in KE by 334,500.0% in the 3rd 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 grew its stake in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares in the last quarter. US Bancorp DE increased its position in shares of 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 acquiring an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of KE in the third quarter worth about $219,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

KE Stock Up 5.7 %

Shares of NYSE BEKE opened at $18.35 on Friday. The stock has a market capitalization of $22.17 billion, a P/E ratio of 37.44, a PEG ratio of 2.78 and a beta of -0.76. The stock’s 50 day moving average price is $18.18 and its two-hundred day moving average price is $17.75. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05.

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.