Royal London Asset Management Ltd. Decreases Stock Position in KE Holdings Inc. (NYSE:BEKE)

Royal London Asset Management Ltd. trimmed its position in shares of KE Holdings Inc. (NYSE:BEKE) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,050,900 shares of the company’s stock after selling 26,700 shares during the quarter. Royal London Asset Management Ltd.’s holdings in KE were worth $20,923,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE in the 3rd quarter valued at about $30,000. Blue Trust Inc. increased its holdings in shares of KE by 2,662.2% in the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after purchasing an additional 3,168 shares during the last quarter. Rakuten Securities Inc. lifted its position in KE by 334,500.0% during the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after buying an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC lifted its position in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after buying an additional 4,021 shares in the last quarter. Finally, US Bancorp DE boosted its stake in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after buying an additional 1,823 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Down 0.1 %

NYSE BEKE opened at $18.81 on Friday. The stock has a fifty day simple moving average of $21.06 and a 200-day simple moving average of $17.20. The stock has a market cap of $22.72 billion, a PE ratio of 38.38, a P/E/G ratio of 4.47 and a beta of -0.77. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.

Analysts Set New Price Targets

Several research analysts have recently commented on BEKE shares. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. Finally, Barclays increased their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.

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.