Harvest Fund Management Co. Ltd Sells 82,397 Shares of KE Holdings Inc. (NYSE:BEKE)

Harvest Fund Management Co. Ltd lowered its position in KE Holdings Inc. (NYSE:BEKE) by 11.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 618,823 shares of the company’s stock after selling 82,397 shares during the period. Harvest Fund Management Co. Ltd owned about 0.05% of KE worth $11,393,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BEKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 purchasing an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd raised its position in shares of KE by 11.2% during the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after buying an additional 515,197 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its position in shares of KE by 9.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock valued at $94,178,000 after buying an additional 462,416 shares in the last quarter. H Capital V GP L.P. purchased a new stake in shares of KE during the 4th quarter valued at about $91,147,000. Finally, E Fund Management Co. Ltd. raised its position in shares of KE by 3.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock valued at $79,054,000 after buying an additional 154,748 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of BEKE stock opened at $23.27 on Wednesday. The company has a market capitalization of $28.12 billion, a P/E ratio of 47.49, a P/E/G ratio of 3.45 and a beta of -0.82. The company’s 50-day simple moving average is $19.68 and its two-hundred day simple moving average is $19.38. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a 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.