Barings LLC Sells 245,154 Shares of KE Holdings Inc. (NYSE:BEKE)

Barings LLC cut its position in KE Holdings Inc. (NYSE:BEKE) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,237,711 shares of the company’s stock after selling 245,154 shares during the quarter. KE accounts for about 0.5% of Barings LLC’s holdings, making the stock its 23rd biggest holding. Barings LLC’s holdings in KE were worth $22,799,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE during the third quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE during the fourth quarter worth about $30,000. Principal Securities Inc. raised its position in shares of KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of 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. Finally, Venturi Wealth Management LLC raised its position in shares of KE by 5,089.9% during the third 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 last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays raised their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

KE Stock Performance

Shares of BEKE stock opened at $24.22 on Friday. The company has a market cap of $29.27 billion, a P/E ratio of 49.44, a PEG ratio of 3.45 and a beta of -0.82. The stock has a 50 day simple moving average of $18.93 and a two-hundred day simple moving average of $18.93. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

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.