KE Holdings Inc. (NYSE:BEKE) Shares Acquired by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC grew its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 284.5% during the fourth quarter, Holdings Channel reports. The firm owned 84,200 shares of the company’s stock after purchasing an additional 62,300 shares during the period. KE makes up approximately 1.8% of ABS Direct Equity Fund LLC’s investment portfolio, making the stock its 24th largest position. ABS Direct Equity Fund LLC’s holdings in KE were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in shares of KE in the fourth quarter valued at about $409,000. Blue Trust Inc. raised its stake in KE by 86.8% during the 4th quarter. Blue Trust Inc. now owns 27,810 shares of the company’s stock valued at $554,000 after acquiring an additional 12,924 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in KE during the 4th quarter worth approximately $234,000. Park Avenue Securities LLC purchased a new position in shares of KE in the 4th quarter valued at approximately $304,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of KE by 36.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company’s stock valued at $59,155,000 after purchasing an additional 858,185 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Stock Performance

Shares of NYSE BEKE opened at $17.50 on Tuesday. The company’s fifty day moving average is $18.34 and its two-hundred day moving average is $17.74. The firm has a market capitalization of $21.15 billion, a P/E ratio of 35.72, a PEG ratio of 2.78 and a beta of -0.76. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05.

Analyst Ratings Changes

BEKE has been the topic of a number of analyst reports. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays increased their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

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.