Polymer Capital Management HK LTD Sells 593,385 Shares of KE Holdings Inc. (NYSE:BEKE)

Polymer Capital Management HK LTD lowered its position in shares of KE Holdings Inc. (NYSE:BEKE) by 68.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,554 shares of the company’s stock after selling 593,385 shares during the period. KE makes up approximately 1.3% of Polymer Capital Management HK LTD’s portfolio, making the stock its 19th largest position. Polymer Capital Management HK LTD’s holdings in KE were worth $5,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BEKE. QRG Capital Management Inc. raised its position in KE by 5.1% in the 2nd quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after buying an additional 683 shares during the last quarter. Signaturefd LLC increased its stake in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after buying an additional 866 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in KE by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after purchasing an additional 1,271 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE during the third quarter worth $30,000. Finally, Crossmark Global Holdings Inc. increased its holdings in KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after acquiring an additional 1,692 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BEKE shares. 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 report on Wednesday, October 30th. Barclays lifted their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Citigroup assumed coverage on shares of KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target on the stock.

KE Stock Down 0.2 %

BEKE opened at $19.28 on Wednesday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a market capitalization of $23.30 billion, a P/E ratio of 39.35, a PEG ratio of 4.48 and a beta of -0.77. The stock’s fifty day moving average is $21.00 and its two-hundred day moving average is $17.18.

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.