Banque Cantonale Vaudoise Purchases 50,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Banque Cantonale Vaudoise lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 25.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 250,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Banque Cantonale Vaudoise’s holdings in KE were worth $4,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LMR Partners LLP grew its holdings in shares of KE by 87.0% during the third quarter. LMR Partners LLP now owns 110,568 shares of the company’s stock worth $2,201,000 after purchasing an additional 51,428 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in KE during the 3rd quarter worth about $1,124,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in KE during the 3rd quarter worth about $3,340,000. Oppenheimer Asset Management Inc. lifted its holdings in KE by 10.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 278,157 shares of the company’s stock worth $5,538,000 after buying an additional 25,216 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after buying an additional 3,345 shares during the period. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on BEKE shares. Bank of America raised KE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup assumed coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock.

KE Stock Up 5.3 %

Shares of NYSE BEKE opened at $20.56 on Tuesday. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The firm has a fifty day simple moving average of $19.96 and a 200 day simple moving average of $17.05. The company has a market capitalization of $25.14 billion, a PE ratio of 42.83, a P/E/G ratio of 4.29 and a beta of -0.73.

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.