KE Holdings Inc. (NYSE:BEKE) is XY Capital Ltd’s 9th Largest Position

XY Capital Ltd lessened its stake in KE Holdings Inc. (NYSE:BEKE) by 63.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,261 shares of the company’s stock after selling 250,557 shares during the period. KE makes up approximately 1.3% of XY Capital Ltd’s holdings, making the stock its 9th largest position. XY Capital Ltd’s holdings in KE were worth $2,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BEKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in KE by 203.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after buying an additional 4,340,517 shares in the last quarter. WT Asset Management Ltd boosted its holdings in shares of KE by 1,761.8% during the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock valued at $42,867,000 after purchasing an additional 2,202,198 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of KE by 1,155.7% during the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after purchasing an additional 2,165,863 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of KE during the 3rd quarter valued at approximately $28,956,000. Finally, M&G PLC lifted its position in KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after purchasing an additional 1,422,667 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Up 0.2 %

Shares of NYSE BEKE opened at $17.90 on Monday. The company’s 50-day simple moving average is $18.00 and its 200-day simple moving average is $17.93. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76.

Wall Street Analyst Weigh In

BEKE has been the subject of several recent analyst reports. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays boosted their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

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.