Harvest Fund Management Co. Ltd Decreases Holdings in KE Holdings Inc. (NYSE:BEKE)

Harvest Fund Management Co. Ltd decreased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 618,823 shares of the company’s stock after selling 82,397 shares during the period. Harvest Fund Management Co. Ltd’s holdings in KE were worth $11,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the third quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in KE during the fourth quarter valued at $30,000. Principal Securities Inc. lifted its position 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 purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. lifted its position in KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after purchasing an additional 1,416 shares during the period. Finally, US Bancorp DE lifted its position in KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company’s stock valued at $163,000 after purchasing an additional 2,623 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays boosted their target price 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.

KE Stock Performance

BEKE opened at $23.27 on Wednesday. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The company has a fifty day moving average of $19.68 and a two-hundred day moving average of $19.38. The stock has a market capitalization of $28.12 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 3.45 and a beta of -0.82.

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.