Bridgewater Associates LP Reduces Holdings in KE Holdings Inc. (NYSE:BEKE)

Bridgewater Associates LP decreased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 642,003 shares of the company’s stock after selling 5,975 shares during the quarter. Bridgewater Associates LP’s holdings in KE were worth $12,782,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares during the period. Rakuten Securities Inc. boosted its stake 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 worth $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC boosted 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 worth $82,000 after buying an additional 4,021 shares during the period. US Bancorp DE boosted its stake 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 buying an additional 1,823 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after buying an additional 866 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Up 1.5 %

Shares of NYSE:BEKE opened at $19.01 on Friday. The company has a market cap of $22.97 billion, a P/E ratio of 38.80, a PEG ratio of 4.18 and a beta of -0.73. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a 50-day moving average price of $20.76 and a 200 day moving average price of $17.17.

Analyst Ratings Changes

BEKE has been the subject of several recent research reports. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays increased their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company.

About KE

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.