KBC Group NV Has $4.65 Million Stake in KE Holdings Inc. (NYSE:BEKE)

KBC Group NV lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 252,475 shares of the company’s stock after selling 16,071 shares during the period. KBC Group NV’s holdings in KE were worth $4,651,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its stake in KE by 54.5% during the second quarter. Bank of Montreal Can now owns 98,600 shares of the company’s stock valued at $1,395,000 after acquiring an additional 34,800 shares during the period. Creative Planning increased its position in shares of KE by 106.6% during the second quarter. Creative Planning now owns 28,014 shares of the company’s stock valued at $396,000 after purchasing an additional 14,457 shares during the period. Maven Securities LTD acquired a new position in shares of KE in the second quarter valued at $354,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in KE by 23.7% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,068,300 shares of the company’s stock worth $15,116,000 after purchasing an additional 204,900 shares during the period. Finally, Perpetual Ltd acquired a new stake in KE during the third quarter worth $2,328,000. Institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America upgraded shares of 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. Barclays raised 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.

KE Stock Performance

Shares of NYSE:BEKE opened at $18.35 on Friday. The company’s fifty day moving average is $18.18 and its 200-day moving average is $17.75. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a market capitalization of $22.17 billion, a PE ratio of 37.44, a P/E/G ratio of 2.78 and a beta of -0.76.

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.