Van ECK Associates Corp Sells 333,491 Shares of KE Holdings Inc. (NYSE:BEKE)

Van ECK Associates Corp lessened its position in KE Holdings Inc. (NYSE:BEKE) by 51.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 319,106 shares of the company’s stock after selling 333,491 shares during the period. Van ECK Associates Corp’s holdings in KE were worth $5,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BEKE. Allspring Global Investments Holdings LLC raised its holdings in shares of KE by 32.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 77,676 shares of the company’s stock valued at $1,387,000 after purchasing an additional 18,918 shares during the last quarter. Savant Capital LLC increased its holdings in KE by 26.9% during the fourth quarter. Savant Capital LLC now owns 13,153 shares of the company’s stock valued at $242,000 after buying an additional 2,789 shares during the last quarter. WT Asset Management Ltd increased its holdings in KE by 1,761.8% during the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock valued at $42,867,000 after buying an additional 2,202,198 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in KE during the fourth quarter valued at approximately $589,000. Finally, Ninety One UK Ltd increased its holdings in KE by 1.8% during the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company’s stock valued at $66,507,000 after buying an additional 62,265 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analysts Set New Price Targets

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

KE Trading Up 0.5 %

KE stock opened at $20.50 on Tuesday. The firm has a 50-day moving average price of $18.09 and a 200-day moving average price of $18.20. The firm has a market capitalization of $24.76 billion, a PE ratio of 41.83, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05.

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.