KE Holdings Inc. (NYSE:BEKE) Position Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in KE Holdings Inc. (NYSE:BEKE) by 79.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,067 shares of the company’s stock after selling 68,480 shares during the quarter. Janney Montgomery Scott LLC’s holdings in KE were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. M&G PLC lifted its stake in KE by 16.4% in the third 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after purchasing an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd raised its holdings in shares of KE by 11.2% during the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after purchasing an additional 515,197 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of KE by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after purchasing an additional 44,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of KE by 36.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company’s stock valued at $59,155,000 after purchasing an additional 858,185 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Up 2.5 %

NYSE:BEKE opened at $19.49 on Wednesday. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The firm’s fifty day simple moving average is $18.00 and its 200 day simple moving average is $18.01. The firm has a market capitalization of $23.55 billion, a PE ratio of 39.78, a PEG ratio of 2.95 and a beta of -0.76.

Wall Street Analyst Weigh In

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

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.