Hhlr Advisors LTD. Sells 12,303,642 Shares of KE Holdings Inc. (NYSE:BEKE)

Hhlr Advisors LTD. reduced its holdings in KE Holdings Inc. (NYSE:BEKE) by 53.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,868,688 shares of the company’s stock after selling 12,303,642 shares during the quarter. KE accounts for 4.8% of Hhlr Advisors LTD.’s portfolio, making the stock its 7th largest position. Hhlr Advisors LTD. owned about 0.89% of KE worth $216,396,000 as of its most recent SEC filing.

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

KE Stock Performance

NYSE BEKE opened at $18.85 on Friday. The stock has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $17.19. The stock has a market capitalization of $22.78 billion, a PE ratio of 38.47, a P/E/G ratio of 4.38 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.

Analyst Ratings Changes

Several analysts have recently issued reports on BEKE shares. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target for the company. Finally, Barclays upped their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

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.