ANTIPODES PARTNERS Ltd grew its holdings in shares of KE Holdings Inc. (NYSE:BEKE – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,112,392 shares of the company’s stock after purchasing an additional 462,416 shares during the quarter. KE makes up about 3.3% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 12th biggest holding. ANTIPODES PARTNERS Ltd owned approximately 0.42% of KE worth $94,178,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE during the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of KE during the 4th quarter valued at about $30,000. Principal Securities Inc. boosted its position in shares of KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after acquiring an additional 3,345 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Barclays boosted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.
KE Trading Down 4.5 %
Shares of BEKE stock opened at $22.38 on Thursday. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a twelve month low of $12.48 and a twelve month high of $26.05. The company’s 50-day moving average price is $19.19 and its 200-day moving average price is $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.
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