Sumitomo Mitsui DS Asset Management Company Ltd Trims Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in KE Holdings Inc. (NYSE:BEKE) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,385 shares of the company’s stock after selling 82,849 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KE were worth $3,083,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. M&G PLC raised its holdings in shares of KE by 16.4% in the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company’s stock valued at $201,817,000 after buying an additional 1,422,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KE by 203.1% in the 3rd 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 in the last quarter. CoreView Capital Management Ltd increased its stake in KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock worth $101,794,000 after purchasing an additional 515,197 shares during the period. Geode Capital Management LLC lifted its position in shares of KE by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock worth $74,323,000 after purchasing an additional 44,797 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of KE by 1.8% in the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company’s stock valued at $66,507,000 after purchasing an additional 62,265 shares during the period. Hedge funds and other institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BEKE. Barclays upped their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Up 0.2 %

Shares of NYSE:BEKE opened at $17.90 on Monday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm’s 50 day moving average price is $18.00 and its 200 day moving average price is $17.93. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.95 and a beta of -0.76.

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.