Thompson Siegel & Walmsley LLC Purchases New Holdings in KE Holdings Inc. (NYSE:BEKE)

Thompson Siegel & Walmsley LLC acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, HoldingsChannel.com reports. The fund acquired 116,946 shares of the company’s stock, valued at approximately $2,328,000.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of KE by 2,662.2% during the second 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 last quarter. Rakuten Securities Inc. lifted its position in KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares in the last quarter. Signaturefd LLC grew its stake in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after acquiring an additional 866 shares in the last quarter. Finally, US Bancorp DE increased its holdings 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 purchasing an additional 1,823 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

KE Stock Performance

Shares of NYSE BEKE opened at $19.40 on Friday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 39.59, a P/E/G ratio of 4.53 and a beta of -0.73. The business’s 50-day simple moving average is $20.46 and its 200-day simple moving average is $17.13.

KE Company 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.