KE Holdings Inc. (NYSE:BEKE) Shares Sold by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd decreased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,897 shares of the company’s stock after selling 7,533 shares during the period. Central Asset Investments & Management Holdings HK Ltd’s holdings in KE were worth $901,000 as of its most recent SEC filing.

A number of 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 third quarter valued at about $30,000. Principal Securities Inc. boosted its holdings in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. grew its stake in KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after purchasing an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares during the last quarter. Finally, US Bancorp DE increased its holdings in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.

KE Stock Up 7.8 %

Shares of NYSE BEKE opened at $22.91 on Thursday. The stock has a market capitalization of $27.68 billion, a P/E ratio of 46.76, a PEG ratio of 3.45 and a beta of -0.76. The stock’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $18.52. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05.

KE 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.