KE Holdings Inc. (NYSE:BEKE) Shares Sold by Swedbank AB

Swedbank AB reduced its holdings in KE Holdings Inc. (NYSE:BEKE) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,693 shares of the company’s stock after selling 12,400 shares during the quarter. Swedbank AB’s holdings in KE were worth $4,673,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. M&G PLC boosted its position in shares of KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after purchasing an additional 1,422,667 shares in the last quarter. Turiya Advisors Asia Ltd boosted its holdings 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 buying an additional 1,824,206 shares in the last quarter. RWC Asset Advisors US LLC acquired a new position in KE during the second quarter worth about $70,807,000. ANTIPODES PARTNERS Ltd increased its holdings in KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after buying an additional 2,694,260 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of KE by 25.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,713,270 shares of the company’s stock valued at $52,543,000 after acquiring an additional 745,607 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays raised their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup initiated coverage on shares of KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective on the stock.

KE Stock Performance

Shares of NYSE:BEKE opened at $19.01 on Thursday. The business’s fifty day moving average price is $20.66 and its two-hundred day moving average price is $17.16. The stock has a market cap of $22.97 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 4.18 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05.

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.