KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,300 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in KE were worth $2,088,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd grew its holdings in shares of KE by 9.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock valued at $94,178,000 after purchasing an additional 462,416 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after purchasing an additional 1,416 shares in the last quarter. H Capital V GP L.P. acquired a new position in shares of KE in the fourth quarter valued at approximately $91,147,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of KE by 162.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,036 shares of the company’s stock valued at $8,676,000 after purchasing an additional 291,387 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock valued at $173,000 after purchasing an additional 762 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Up 8.7 %

Shares of KE stock opened at $24.40 on Monday. KE Holdings Inc. has a 52-week low of $12.48 and a 52-week high of $26.05. The company has a 50 day moving average of $19.41 and a 200 day moving average of $19.25. The company has a market capitalization of $29.49 billion, a P/E ratio of 49.80, a P/E/G ratio of 3.45 and a beta of -0.82.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report 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.