KE Holdings Inc. (NYSE:BEKE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,084 shares of the company’s stock after acquiring an additional 14,642 shares during the period. Asset Management One Co. Ltd.’s holdings in KE were worth $1,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BEKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after buying an additional 4,340,517 shares during the last quarter. WT Asset Management Ltd boosted its stake in KE by 1,761.8% during the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock valued at $42,867,000 after buying an additional 2,202,198 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after purchasing an additional 2,165,863 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of KE during the third quarter valued at $28,956,000. Finally, M&G PLC lifted its holdings in shares of KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after purchasing an additional 1,422,667 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BEKE shares. Barclays increased their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America raised 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 note on Wednesday, October 30th.

KE Trading Up 2.4 %

BEKE opened at $20.08 on Thursday. The stock has a market cap of $24.26 billion, a PE ratio of 40.98, a P/E/G ratio of 3.38 and a beta of -0.76. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The stock’s 50 day simple moving average is $18.06 and its 200-day simple moving average is $18.26.

KE 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.