Veritas Asset Management LLP Buys New Shares in KE Holdings Inc. (NYSE:BEKE)

Veritas Asset Management LLP bought a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,702 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE during the third quarter valued at $30,000. Principal Securities Inc. raised its holdings in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. raised its holdings in 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 acquiring an additional 3,345 shares during the period. Venturi Wealth Management LLC raised its holdings in 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 during the period. Finally, US Bancorp DE raised its holdings in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Down 2.5 %

Shares of BEKE stock opened at $20.39 on Tuesday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The stock’s 50-day moving average price is $18.13 and its 200-day moving average price is $18.44. The stock has a market capitalization of $24.63 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 3.45 and a beta of -0.76.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BEKE shares. Barclays raised their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Bank of America raised 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 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.