Rhumbline Advisers Purchases 9,330 Shares of KE Holdings Inc. (NYSE:BEKE)

Rhumbline Advisers raised its position in shares of KE Holdings Inc. (NYSE:BEKE) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,376 shares of the company’s stock after purchasing an additional 9,330 shares during the quarter. Rhumbline Advisers’ holdings in KE were worth $1,757,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vontobel Holding Ltd. increased its holdings in shares of KE by 3,315.0% in the 4th quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company’s stock worth $17,401,000 after purchasing an additional 917,005 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in KE by 15.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 108,084 shares of the company’s stock worth $1,998,000 after buying an additional 14,642 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in KE by 32.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 77,676 shares of the company’s stock worth $1,387,000 after buying an additional 18,918 shares during the last quarter. Savant Capital LLC lifted its stake in KE by 26.9% during the 4th quarter. Savant Capital LLC now owns 13,153 shares of the company’s stock valued at $242,000 after acquiring an additional 2,789 shares during the period. Finally, WT Asset Management Ltd boosted its holdings in shares of KE by 1,761.8% during the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company’s stock valued at $42,867,000 after acquiring an additional 2,202,198 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Performance

BEKE stock opened at $22.35 on Wednesday. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 45.60, a P/E/G ratio of 3.45 and a beta of -0.76. The business’s 50-day moving average is $18.58 and its two-hundred day moving average is $18.76. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective 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.