KE Holdings Inc. (NYSE:BEKE) is Matthews International Capital Management LLC’s 10th Largest Position

Matthews International Capital Management LLC lessened its stake in KE Holdings Inc. (NYSE:BEKE) by 66.2% in the 4th quarter, Holdings Channel reports. The firm owned 954,646 shares of the company’s stock after selling 1,868,493 shares during the period. KE comprises about 3.6% of Matthews International Capital Management LLC’s portfolio, making the stock its 10th largest holding. Matthews International Capital Management LLC’s holdings in KE were worth $17,585,000 as of its most recent SEC filing.

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

KE Stock Performance

Shares of KE stock opened at $17.50 on Tuesday. The business has a 50-day simple moving average of $18.34 and a 200-day simple moving average of $17.74. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company has a market cap of $21.15 billion, a PE ratio of 35.72, a P/E/G ratio of 2.78 and a beta of -0.76.

Analysts Set New Price Targets

BEKE has been the subject of a number of research reports. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays boosted their price target 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.

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.