Davis Selected Advisers Sells 2,232,656 Shares of KE Holdings Inc. (NYSE:BEKE)

Davis Selected Advisers reduced its position in shares of KE Holdings Inc. (NYSE:BEKE) by 38.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,647,872 shares of the company’s stock after selling 2,232,656 shares during the period. Davis Selected Advisers’ holdings in KE were worth $67,194,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in KE during the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE in the fourth quarter worth about $30,000. Principal Securities Inc. raised its stake in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Trading Down 1.0 %

Shares of NYSE BEKE opened at $24.22 on Friday. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a 50-day moving average of $18.82 and a two-hundred day moving average of $18.83. The company has a market cap of $29.27 billion, a PE ratio of 49.44, a P/E/G ratio of 3.45 and a beta of -0.82.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

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.