TT International Asset Management LTD Buys New Shares in KE Holdings Inc. (NYSE:BEKE)

TT International Asset Management LTD acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,936 shares of the company’s stock, valued at approximately $717,000.

Several other institutional investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after buying an additional 4,340,517 shares during the period. Assenagon Asset Management S.A. grew its position in 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 buying an additional 2,165,863 shares during the period. Turiya Advisors Asia Ltd boosted its position in KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after purchasing an additional 1,824,206 shares during the period. The Manufacturers Life Insurance Company boosted its position in KE by 83.7% during the second quarter. The Manufacturers Life Insurance Company now owns 3,355,895 shares of the company’s stock worth $47,486,000 after purchasing an additional 1,528,748 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in KE during the third quarter worth about $28,956,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE opened at $16.39 on Monday. The stock has a market cap of $19.80 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 4.76 and a beta of -0.76. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm’s 50-day simple moving average is $19.29 and its two-hundred day simple moving average is $17.60.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent analyst reports. Barclays raised their target price 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 lifted their price target for the stock from $24.00 to $28.00 in a research note 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.