600,000 Shares in KE Holdings Inc. (NYSE:BEKE) Bought by Headwater Capital Co Ltd

Headwater Capital Co Ltd acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, HoldingsChannel reports. The firm acquired 600,000 shares of the company’s stock, valued at approximately $11,052,000. KE comprises approximately 5.9% of Headwater Capital Co Ltd’s portfolio, making the stock its 8th largest holding.

Other large investors have also bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of KE during the 3rd quarter valued at $1,124,000. XTX Topco Ltd boosted its position in shares of KE by 324.8% during the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after acquiring an additional 90,054 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of KE during the 2nd quarter valued at about $1,142,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of KE by 5.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after acquiring an additional 76,517 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of KE during the 2nd quarter valued at about $627,000. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of BEKE stock opened at $16.39 on Monday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The stock has a 50 day moving average price of $19.29 and a two-hundred day moving average price of $17.60. The company has a market capitalization of $19.80 billion, a P/E ratio of 33.45, a PEG ratio of 4.76 and a beta of -0.76.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BEKE shares. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

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.