KE Holdings Inc. (NYSE:BEKE) Stock Position Raised by C WorldWide Group Holding A S

C WorldWide Group Holding A S lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 2,639.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 969,694 shares of the company’s stock after purchasing an additional 934,302 shares during the quarter. C WorldWide Group Holding A S’s holdings in KE were worth $17,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Union Bancaire Privee UBP SA bought a new position in KE in the 4th quarter worth about $409,000. Maytree Asset Management Ltd bought a new position in KE in the 4th quarter worth about $415,000. Principal Securities Inc. grew its position in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after purchasing an additional 1,664 shares during the last quarter. Rhumbline Advisers grew its position in KE by 10.8% in the 4th quarter. Rhumbline Advisers now owns 95,376 shares of the company’s stock worth $1,757,000 after purchasing an additional 9,330 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in KE by 3,315.0% in the 4th quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company’s stock worth $17,401,000 after purchasing an additional 917,005 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays upped their price target 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 Trading Up 3.3 %

Shares of NYSE:BEKE opened at $20.89 on Monday. The company has a 50 day moving average of $18.09 and a 200-day moving average of $18.39. The firm 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. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month 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.