KE (NYSE:BEKE) Trading 6.9% Higher – Here’s What Happened

KE Holdings Inc. (NYSE:BEKE)’s share price was up 6.9% on Wednesday . The stock traded as high as $23.68 and last traded at $23.86. Approximately 4,112,997 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 8,530,042 shares. The stock had previously closed at $22.32.

Analyst Upgrades and Downgrades

Separately, Barclays upped their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

KE Stock Up 8.7 %

The firm’s fifty day moving average price is $18.58 and its 200-day moving average price is $18.76. The stock has a market cap of $29.32 billion, a P/E ratio of 49.52, a PEG ratio of 3.45 and a beta of -0.82.

Institutional Trading of KE

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in KE during the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE during the fourth quarter valued at approximately $30,000. Principal Securities Inc. raised its holdings in shares of KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares in the last quarter. Rakuten Securities Inc. lifted its stake in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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.