Daiwa Securities Group Inc. Has $1.09 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Daiwa Securities Group Inc. trimmed its position in KE Holdings Inc. (NYSE:BEKE) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,311 shares of the company’s stock after selling 3,406 shares during the period. Daiwa Securities Group Inc.’s holdings in KE were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the 3rd quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of KE during the 4th quarter worth $30,000. Principal Securities Inc. grew its holdings 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 purchasing an additional 1,664 shares in the last quarter. US Bancorp DE grew its holdings 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 purchasing an additional 1,823 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock worth $173,000 after purchasing an additional 762 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Up 8.7 %

Shares of BEKE stock opened at $24.40 on Friday. KE Holdings Inc. has a twelve month low of $12.48 and a twelve month high of $26.05. The company has a market cap of $29.49 billion, a P/E ratio of 49.80, a P/E/G ratio of 3.45 and a beta of -0.82. The business has a fifty day simple moving average of $19.41 and a 200 day simple moving average of $19.21.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

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.