KE Holdings Inc. (NYSE:BEKE) Shares Sold by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,170 shares of the company’s stock after selling 2,580 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in KE were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after buying an additional 3,345 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares during the period. US Bancorp DE lifted its holdings in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after buying an additional 866 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on BEKE. Bank of America raised KE from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup began coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target for the company.

KE Stock Performance

Shares of BEKE stock opened at $19.40 on Monday. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $17.14. The stock has a market cap of $23.44 billion, a PE ratio of 39.59, a P/E/G ratio of 4.39 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.

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.