Union Bancaire Privee UBP SA Takes $409,000 Position in KE Holdings Inc. (NYSE:BEKE)

Union Bancaire Privee UBP SA bought a new position in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,256 shares of the company’s stock, valued at approximately $409,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of KE in the 3rd quarter worth $1,124,000. XTX Topco Ltd lifted its holdings in KE by 324.8% in 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. TT International Asset Management LTD acquired a new stake in KE in the 4th quarter valued at about $717,000. Headwater Capital Co Ltd acquired a new position in shares of KE in the 4th quarter worth approximately $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock worth $31,529,000 after purchasing an additional 76,517 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

KE stock opened at $17.10 on Wednesday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $17.75. The company has a market cap of $20.67 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 2.78 and a beta of -0.76.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of research reports. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays raised their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note 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.