KE (NYSE:BEKE) Stock Price Down 4.2% – What’s Next?

KE Holdings Inc. (NYSE:BEKE)’s stock price fell 4.2% on Wednesday . The stock traded as low as $22.01 and last traded at $22.30. 2,495,020 shares were traded during trading, a decline of 73% from the average session volume of 9,343,689 shares. The stock had previously closed at $23.27.

Analyst Upgrades and Downgrades

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

KE Stock Performance

The business has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $19.38. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 3.45 and a beta of -0.82.

Institutional Investors Weigh In On KE

Several large investors have recently made changes to their positions in BEKE. LMR Partners LLP boosted its holdings in shares of KE by 87.0% in the 3rd quarter. LMR Partners LLP now owns 110,568 shares of the company’s stock valued at $2,201,000 after buying an additional 51,428 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of KE by 25.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 250,000 shares of the company’s stock valued at $4,978,000 after buying an additional 50,000 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of KE in the 3rd quarter valued at approximately $530,000. Jennison Associates LLC boosted its holdings in shares of KE by 1.5% in the 3rd quarter. Jennison Associates LLC now owns 1,604,248 shares of the company’s stock valued at $31,941,000 after buying an additional 24,166 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of KE in the 3rd quarter valued at approximately $14,019,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

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.