KE Holdings Inc. (NYSE:BEKE) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 86.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,810 shares of the company’s stock after acquiring an additional 12,924 shares during the period. Blue Trust Inc.’s holdings in KE were worth $554,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the 3rd quarter worth about $30,000. Rakuten Securities Inc. boosted its position in KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC grew its stake in KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares during the period. US Bancorp DE raised its holdings in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of KE during the 3rd quarter worth $219,000. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Trading Up 5.7 %

Shares of KE stock opened at $18.35 on Friday. The business’s fifty day moving average price is $18.18 and its 200 day moving average price is $17.75. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The stock has a market capitalization of $22.17 billion, a P/E ratio of 37.44, a PEG ratio of 2.78 and a beta of -0.76.

Analyst Ratings Changes

BEKE has been the subject of several analyst reports. Barclays upped their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Bank of America raised 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 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.