Connor Clark & Lunn Investment Management Ltd. Invests $14.02 Million in KE Holdings Inc. (NYSE:BEKE)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in KE Holdings Inc. (NYSE:BEKE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 704,117 shares of the company’s stock, valued at approximately $14,019,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of KE at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BEKE. Blue Trust Inc. boosted its stake in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares during the period. Rakuten Securities Inc. boosted its position 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 lifted its stake in KE by 5,089.9% in 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 in the last quarter. US Bancorp DE boosted its position in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after acquiring an additional 1,823 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Down 1.3 %

NYSE BEKE opened at $19.97 on Friday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The business has a 50 day moving average price of $20.34 and a 200-day moving average price of $17.11. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 4.53 and a beta of -0.73.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup started coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target on the stock. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

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.