Van ECK Associates Corp Sells 333,491 Shares of KE Holdings Inc. (NYSE:BEKE)

Van ECK Associates Corp reduced its position in KE Holdings Inc. (NYSE:BEKE) by 51.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,106 shares of the company’s stock after selling 333,491 shares during the period. Van ECK Associates Corp’s holdings in KE were worth $5,878,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE during the third quarter worth about $30,000. Rakuten Securities Inc. increased its stake in shares of KE by 334,500.0% during the 3rd 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 last quarter. Venturi Wealth Management LLC increased its stake in shares of KE by 5,089.9% during the 3rd 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 last quarter. US Bancorp DE increased its stake in shares of KE by 41.6% during the 3rd 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 last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of KE during the 3rd quarter valued at about $219,000. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of NYSE:BEKE opened at $20.50 on Tuesday. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The stock has a market capitalization of $24.76 billion, a P/E ratio of 41.83, a PEG ratio of 2.95 and a beta of -0.76. The stock has a 50-day simple moving average of $18.09 and a 200-day simple moving average of $18.20.

Wall Street Analysts Forecast Growth

BEKE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a research note 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.