Handelsbanken Fonder AB Has $7.32 Million Holdings in KE Holdings Inc. (NYSE:BEKE)

Handelsbanken Fonder AB cut its holdings in KE Holdings Inc. (NYSE:BEKE) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 397,257 shares of the company’s stock after selling 6,928 shares during the quarter. Handelsbanken Fonder AB’s holdings in KE were worth $7,317,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE in the third quarter valued at approximately $30,000. Principal Securities Inc. increased its holdings in shares of KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after acquiring an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC increased its holdings 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 valued at $82,000 after acquiring an additional 4,021 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

KE Trading Up 3.3 %

Shares of KE stock opened at $20.89 on Friday. The stock has a fifty day simple moving average of $18.09 and a 200 day simple moving average of $18.36. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The company has a market capitalization of $25.25 billion, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 3.34 and a beta of -0.76.

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.