Handelsbanken Fonder AB Cuts Stock Position in KE Holdings Inc. (NYSE:BEKE)

Handelsbanken Fonder AB lowered its holdings in KE Holdings Inc. (NYSE:BEKE) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 397,257 shares of the company’s stock after selling 6,928 shares during the period. Handelsbanken Fonder AB’s holdings in KE were worth $7,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KE during the 3rd quarter valued at $30,000. Principal Securities Inc. grew its stake in shares of KE by 411.9% during the 4th 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 period. Rakuten Securities Inc. grew its stake in shares of 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 during the period. Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% during the 3rd 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 period. Finally, US Bancorp DE grew its stake in shares of 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 acquiring an additional 1,823 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

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

KE Stock Up 3.3 %

Shares of NYSE BEKE opened at $20.89 on Friday. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The business has a 50-day simple moving average of $18.09 and a two-hundred day simple moving average of $18.36. The company has a market cap of $25.25 billion, a P/E ratio of 42.64, a P/E/G ratio of 3.34 and a beta of -0.76.

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.