KE Holdings Inc. (NYSE:BEKE) is WT Asset Management Ltd’s 9th Largest Position

WT Asset Management Ltd lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 1,761.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,327,198 shares of the company’s stock after buying an additional 2,202,198 shares during the quarter. KE makes up 4.7% of WT Asset Management Ltd’s holdings, making the stock its 9th largest holding. WT Asset Management Ltd owned about 0.19% of KE worth $42,867,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in KE during the 3rd quarter valued at $30,000. Rakuten Securities Inc. lifted its stake in shares of KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC boosted its position in 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 purchasing an additional 4,021 shares in the last quarter. US Bancorp DE grew its stake in KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in KE in the third quarter worth about $219,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BEKE. Bank of America upgraded shares of 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. Barclays increased their target price on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

KE Stock Performance

Shares of NYSE BEKE opened at $17.39 on Wednesday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The company has a market cap of $21.01 billion, a PE ratio of 35.48, a P/E/G ratio of 2.88 and a beta of -0.76. The business has a 50-day simple moving average of $18.08 and a two-hundred day simple moving average of $17.85.

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.