US Bancorp DE Increases Stock Position in KE Holdings Inc. (NYSE:BEKE)

US Bancorp DE grew its position in shares of KE Holdings Inc. (NYSE:BEKE) by 41.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,203 shares of the company’s stock after purchasing an additional 1,823 shares during the period. US Bancorp DE’s holdings in KE were worth $124,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BEKE. abrdn plc grew its holdings in KE by 24.5% during the 3rd quarter. abrdn plc now owns 591,835 shares of the company’s stock valued at $11,869,000 after buying an additional 116,367 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of KE by 1,155.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after acquiring an additional 2,165,863 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of KE by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,271 shares in the last quarter. Blue Trust Inc. increased its position in KE by 352.9% in the third quarter. Blue Trust Inc. now owns 14,886 shares of the company’s stock worth $296,000 after purchasing an additional 11,599 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in KE by 25.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 250,234 shares of the company’s stock worth $4,982,000 after purchasing an additional 50,900 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Up 0.8 %

Shares of BEKE opened at $19.52 on Friday. The business has a fifty day moving average of $19.84 and a 200 day moving average of $17.00. The company has a market cap of $23.86 billion, a PE ratio of 40.67, a P/E/G ratio of 4.39 and a beta of -0.73. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05.

Analyst Upgrades and Downgrades

Several research firms have commented on BEKE. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective for the company. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and increased their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

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.