Charles Schwab Investment Management Inc. Acquires 103,720 Shares of KE Holdings Inc. (NYSE:BEKE)

Charles Schwab Investment Management Inc. lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 994,515 shares of the company’s stock after acquiring an additional 103,720 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.08% of KE worth $19,801,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its position in KE by 5.1% during the second quarter. QRG Capital Management Inc. now owns 14,040 shares of the company’s stock worth $199,000 after purchasing an additional 683 shares during the period. Signaturefd LLC lifted its stake in shares of KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after buying an additional 866 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after buying an additional 1,271 shares during the period. Crossmark Global Holdings Inc. grew its stake in KE by 6.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after buying an additional 1,692 shares during the last quarter. Finally, US Bancorp DE raised its holdings in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of research analyst reports. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective for the company. Bank of America raised KE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Finally, Barclays upped their price objective on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th.

KE Stock Down 0.1 %

Shares of NYSE:BEKE opened at $18.81 on Friday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The company’s 50 day moving average price is $21.06 and its two-hundred day moving average price is $17.20. The firm has a market cap of $22.72 billion, a PE ratio of 38.38, a PEG ratio of 4.47 and a beta of -0.77.

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.