HighVista Strategies LLC Raises Holdings in KE Holdings Inc. (NYSE:BEKE)

HighVista Strategies LLC increased its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,507 shares of the company’s stock after acquiring an additional 6,800 shares during the quarter. HighVista Strategies LLC’s holdings in KE were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BEKE. M&G PLC grew its holdings in shares of KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after purchasing an additional 1,422,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after acquiring an additional 4,340,517 shares during the period. Turiya Advisors Asia Ltd increased its position in shares of KE by 56.2% in the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock valued at $71,743,000 after acquiring an additional 1,824,206 shares during the period. RWC Asset Advisors US LLC bought a new position in shares of KE during the second quarter valued at about $70,807,000. Finally, ANTIPODES PARTNERS Ltd boosted its holdings in shares of KE by 180.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock worth $59,268,000 after purchasing an additional 2,694,260 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and boosted their price target for the company 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 for the company. Finally, Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th.

KE Stock Performance

BEKE stock opened at $19.31 on Tuesday. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 4.34 and a beta of -0.73. The business’s 50 day moving average price is $20.93 and its two-hundred day moving average price is $17.18. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

About KE

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.