Robeco Institutional Asset Management B.V. Grows Holdings in KE Holdings Inc. (NYSE:BEKE)

Robeco Institutional Asset Management B.V. lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,274,883 shares of the company’s stock after acquiring an additional 99,738 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in KE were worth $23,483,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE during the third quarter valued at $30,000. Rakuten Securities Inc. boosted its holdings in KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after buying an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC increased its stake in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after buying an additional 4,021 shares in the last quarter. US Bancorp DE raised its holdings in shares of KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of KE in the third quarter valued at approximately $219,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several recent research reports. Bank of America raised 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 KE stock opened at $18.35 on Friday. The business’s 50 day moving average price is $18.18 and its 200 day moving average price is $17.75. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.78 and a beta of -0.76. KE Holdings Inc. has a one year low of $12.44 and a one year 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.