Daiwa Securities Group Inc. Sells 3,406 Shares of KE Holdings Inc. (NYSE:BEKE)

Daiwa Securities Group Inc. lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,311 shares of the company’s stock after selling 3,406 shares during the period. Daiwa Securities Group Inc.’s holdings in KE were worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of KE by 162.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,036 shares of the company’s stock worth $8,676,000 after purchasing an additional 291,387 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock worth $173,000 after purchasing an additional 762 shares in the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of KE by 3.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock worth $79,054,000 after acquiring an additional 154,748 shares during the last quarter. M&T Bank Corp increased its holdings in shares of KE by 16.9% during the 4th quarter. M&T Bank Corp now owns 54,905 shares of the company’s stock worth $1,011,000 after acquiring an additional 7,941 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of KE by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,077,371 shares of the company’s stock worth $19,845,000 after acquiring an additional 82,856 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Up 8.7 %

BEKE stock opened at $24.40 on Friday. The firm has a market capitalization of $29.49 billion, a PE ratio of 49.80, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1-year low of $12.48 and a 1-year high of $26.05. The business’s 50 day simple moving average is $19.41 and its 200 day simple moving average is $19.21.

Wall Street Analyst Weigh In

Separately, Barclays boosted their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

KE 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.