Daiwa Securities Group Inc. increased its holdings in shares of KE Holdings Inc. (NYSE:BEKE – Free Report) by 52.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 37,225 shares of the company’s stock after acquiring an additional 12,751 shares during the period. Daiwa Securities Group Inc.’s holdings in KE were worth $701,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in KE by 28.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,117,531 shares of the company’s stock worth $364,600,000 after purchasing an additional 5,754,923 shares during the period. Vanguard Group Inc. increased its holdings in KE by 10.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,858,363 shares of the company’s stock worth $435,518,000 after purchasing an additional 2,330,202 shares during the period. BlackRock Inc. increased its holdings in KE by 20.2% during the 1st quarter. BlackRock Inc. now owns 19,606,566 shares of the company’s stock worth $242,534,000 after purchasing an additional 3,289,479 shares during the period. State Street Corp increased its holdings in KE by 63.9% during the 3rd quarter. State Street Corp now owns 11,347,643 shares of the company’s stock worth $198,811,000 after purchasing an additional 4,422,428 shares during the period. Finally, Norges Bank purchased a new position in KE during the 4th quarter worth $135,105,000. 38.41% of the stock is owned by institutional investors.
KE Trading Up 3.5 %
Shares of NYSE:BEKE opened at $17.99 on Friday. KE Holdings Inc. has a 12-month low of $9.09 and a 12-month high of $21.08. The business’s fifty day simple moving average is $15.51 and its 200-day simple moving average is $17.17. The company has a market capitalization of $22.34 billion, a PE ratio of 81.78, a P/E/G ratio of 0.60 and a beta of -1.04.
Analyst Ratings Changes
Several research firms have commented on BEKE. New Street Research began coverage on KE in a report on Tuesday, May 9th. They set a “buy” rating and a $22.00 price objective on the stock. TheStreet downgraded KE from a “c-” rating to a “d+” rating in a report on Monday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on KE from $23.00 to $23.50 and gave the company an “overweight” rating in a report on Friday, April 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $24.33.
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.
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