B. Metzler seel. Sohn & Co. Holding AG Invests $530,000 in KE Holdings Inc. (NYSE:BEKE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,615 shares of the company’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in KE in the third quarter worth about $1,124,000. Swedbank AB acquired a new stake in KE during the 1st quarter worth about $3,393,000. Lighthouse Investment Partners LLC acquired a new stake in shares of KE during the second quarter valued at approximately $1,142,000. SG Americas Securities LLC raised its stake in KE by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock valued at $3,337,000 after purchasing an additional 64,449 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in KE during the second quarter valued at $627,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Down 2.9 %

Shares of BEKE opened at $19.40 on Monday. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 4.39 and a beta of -0.73. The company’s fifty day moving average is $20.46 and its 200-day moving average is $17.14. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

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.