KE Holdings Inc. (NYSE:BEKE) Shares Acquired by C WorldWide Group Holding A S

C WorldWide Group Holding A S lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 2,639.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969,694 shares of the company’s stock after acquiring an additional 934,302 shares during the quarter. C WorldWide Group Holding A S owned about 0.08% of KE worth $17,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in KE by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after buying an additional 1,271 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE in the 3rd quarter worth $30,000. Principal Securities Inc. lifted its holdings in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after buying an additional 1,664 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock worth $541,000 after buying an additional 1,692 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after buying an additional 1,823 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

BEKE opened at $20.89 on Monday. The company has a 50-day moving average of $18.09 and a 200-day moving average of $18.39. The company has a market capitalization of $25.25 billion, a P/E ratio of 42.64, a PEG ratio of 3.34 and a beta of -0.76. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BEKE shares. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

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.