KE Holdings Inc. (NYSE:BEKE) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its position in shares of KE Holdings Inc. (NYSE:BEKE) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 642,003 shares of the company’s stock after selling 5,975 shares during the period. Bridgewater Associates LP owned approximately 0.05% of KE worth $12,782,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of KE in the third quarter valued at $1,124,000. Swedbank AB acquired a new stake in shares of KE in the first quarter valued at $3,393,000. Lighthouse Investment Partners LLC acquired a new stake in shares of KE in the second quarter valued at $1,142,000. SG Americas Securities LLC raised its stake in shares of KE by 37.6% in the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock valued at $3,337,000 after acquiring an additional 64,449 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of KE in the second quarter valued at $627,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KE Price Performance

NYSE:BEKE opened at $19.01 on Friday. The firm has a market capitalization of $22.97 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 4.18 and a beta of -0.73. The business’s fifty day moving average price is $20.76 and its 200 day moving average price is $17.17. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

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.