KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its position in KE Holdings Inc. (NYSE:BEKE) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,084 shares of the company’s stock after acquiring an additional 14,642 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KE were worth $1,998,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its stake in KE by 7.1% in the third quarter. Creative Planning now owns 30,002 shares of the company’s stock valued at $597,000 after purchasing an additional 1,988 shares during the last quarter. Blue Trust Inc. grew its position in KE by 352.9% in the 3rd quarter. Blue Trust Inc. now owns 14,886 shares of the company’s stock valued at $296,000 after buying an additional 11,599 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in KE by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,271 shares during the period. Assenagon Asset Management S.A. lifted its holdings in KE by 1,155.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after acquiring an additional 2,165,863 shares during the period. Finally, abrdn plc lifted its holdings in KE by 24.5% in the third quarter. abrdn plc now owns 591,835 shares of the company’s stock valued at $11,869,000 after acquiring an additional 116,367 shares during the period. Institutional investors and hedge funds own 39.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BEKE shares. Barclays lifted their price target on 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 upgraded KE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

KE Stock Performance

KE stock opened at $20.08 on Thursday. The stock’s 50 day moving average price is $18.06 and its 200 day moving average price is $18.26. The firm has a market capitalization of $24.26 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 3.38 and a beta of -0.76. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05.

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.