Central Asset Investments & Management Holdings HK Ltd Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in KE Holdings Inc. (NYSE:BEKE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,430 shares of the company’s stock, valued at approximately $1,124,000. KE comprises 1.1% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares during the period. Rakuten Securities Inc. raised its holdings in shares of KE by 334,500.0% in the third 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 in the last quarter. Venturi Wealth Management LLC lifted its stake 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 acquiring an additional 4,021 shares during the period. US Bancorp DE increased its position in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after purchasing an additional 1,823 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Price Performance

Shares of BEKE stock opened at $19.52 on Friday. The stock’s fifty day moving average price is $19.84 and its 200 day moving average price is $17.00. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 4.39 and a beta of -0.73.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several research reports. Citigroup started coverage on shares of KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

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.