Shell Asset Management Co. trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE – Free Report) by 56.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,056 shares of the company’s stock after selling 25,782 shares during the period. Shell Asset Management Co.’s holdings in KE were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Rock Creek Group LP boosted its stake in shares of KE by 35.0% during the 2nd quarter. Rock Creek Group LP now owns 2,565 shares of the company’s stock worth $38,000 after acquiring an additional 665 shares in the last quarter. Ronald Blue Trust Inc. raised its holdings in KE by 64.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company’s stock valued at $32,000 after acquiring an additional 848 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of KE by 0.4% during the 3rd quarter. First Trust Advisors LP now owns 206,323 shares of the company’s stock worth $3,615,000 after buying an additional 869 shares during the last quarter. Signaturefd LLC increased its holdings in shares of KE by 12.4% during the 2nd quarter. Signaturefd LLC now owns 8,762 shares of the company’s stock worth $130,000 after buying an additional 966 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of KE by 7.2% during the 2nd quarter. Creative Planning now owns 15,512 shares of the company’s stock worth $230,000 after buying an additional 1,038 shares during the last quarter. Institutional investors and hedge funds own 36.87% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, TheStreet upgraded KE from a “d+” rating to a “c” rating in a report on Friday, November 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, KE presently has an average rating of “Buy” and an average price target of $24.38.
KE Stock Down 0.2 %
BEKE stock opened at $13.38 on Monday. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 0.37 and a beta of -0.74. The business has a fifty day simple moving average of $14.81 and a 200-day simple moving average of $15.48. KE Holdings Inc. has a 52 week low of $12.88 and a 52 week high of $21.08.
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.
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