KE Holdings Inc. (NYSE:BEKE) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 653,835 shares of the company’s stock after selling 441,100 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.05% of KE worth $12,044,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the 3rd quarter worth approximately $30,000. Principal Securities Inc. grew its stake in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after buying an additional 1,664 shares during the last quarter. Venturi Wealth Management LLC increased its position in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after buying an additional 4,021 shares during the period. US Bancorp DE lifted its stake in KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in KE in the third quarter valued at $219,000. Institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their price target 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 Price Performance

Shares of BEKE stock opened at $22.48 on Friday. KE Holdings Inc. has a 12-month low of $12.48 and a 12-month high of $26.05. The firm has a market capitalization of $27.16 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The business has a 50 day simple moving average of $19.19 and a 200 day simple moving average of $19.09.

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.