Caas Capital Management LP Acquires Shares of 91,668 KE Holdings Inc. (NYSE:BEKE)

Caas Capital Management LP acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 91,668 shares of the company’s stock, valued at approximately $1,689,000. KE comprises about 0.3% of Caas Capital Management LP’s portfolio, making the stock its 23rd biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of KE in the 3rd quarter worth about $1,124,000. XTX Topco Ltd lifted its position in shares of KE by 324.8% in the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after buying an additional 90,054 shares during the last quarter. TT International Asset Management LTD bought a new position in shares of KE in the 4th quarter worth about $717,000. Headwater Capital Co Ltd bought a new position in shares of KE in the 4th quarter worth about $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock worth $31,529,000 after buying an additional 76,517 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BEKE. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

KE Stock Down 5.4 %

BEKE stock opened at $16.50 on Tuesday. The stock has a market cap of $19.93 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.88 and a beta of -0.76. The firm’s 50-day simple moving average is $18.11 and its 200 day simple moving average is $17.83. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

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.