China Universal Asset Management Co. Ltd. Grows Stake in KE Holdings Inc. (NYSE:BEKE)

China Universal Asset Management Co. Ltd. boosted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 55.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,000 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in KE were worth $3,113,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BEKE. Bank of Montreal Can raised its position in shares of 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 buying an additional 34,800 shares during the last quarter. Creative Planning increased its holdings in KE by 106.6% in the 2nd quarter. Creative Planning now owns 28,014 shares of the company’s stock valued at $396,000 after acquiring an additional 14,457 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in KE by 23.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,068,300 shares of the company’s stock valued at $15,116,000 after acquiring an additional 204,900 shares during the last quarter. Perpetual Ltd purchased a new stake in KE in the 3rd quarter worth $2,328,000. Finally, First Affirmative Financial Network bought a new position in shares of KE during the 3rd quarter valued at about $228,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BEKE. Bank of America raised KE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays lifted their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

KE Stock Down 4.9 %

KE stock opened at $17.42 on Friday. The company’s 50-day moving average price is $18.14 and its 200-day moving average price is $17.77. The company has a market cap of $21.04 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.87 and a beta of -0.76. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.

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.