Crossmark Global Holdings Inc. Reduces Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Crossmark Global Holdings Inc. reduced its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,024 shares of the company’s stock after selling 3,177 shares during the period. Crossmark Global Holdings Inc.’s holdings in KE were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEKE. M&G PLC increased its position in shares of KE by 16.4% in the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after acquiring an additional 1,422,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after purchasing an additional 4,340,517 shares during the period. CoreView Capital Management Ltd boosted its position in KE by 11.2% in the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after buying an additional 515,197 shares during the last quarter. Geode Capital Management LLC boosted its position in KE by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after buying an additional 44,797 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in KE by 83.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,355,895 shares of the company’s stock worth $47,486,000 after buying an additional 1,528,748 shares during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Performance

Shares of KE stock opened at $17.07 on Monday. The firm has a 50-day simple moving average of $18.40 and a two-hundred day simple moving average of $17.72. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The company has a market cap of $20.62 billion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.78 and a beta of -0.76.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BEKE shares. Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America raised KE from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

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.