B. Metzler seel. Sohn & Co. Holding AG Invests $530,000 in KE Holdings Inc. (NYSE:BEKE)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of KE Holdings Inc. (NYSE:BEKE) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 26,615 shares of the company’s stock, valued at approximately $530,000.

A number of other hedge funds have also recently bought and sold shares of BEKE. M&G PLC lifted its position in KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after purchasing an additional 1,422,667 shares during the period. Turiya Advisors Asia Ltd boosted its position in shares of KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock valued at $71,743,000 after acquiring an additional 1,824,206 shares in the last quarter. RWC Asset Advisors US LLC bought a new stake in KE in the second quarter valued at about $70,807,000. ANTIPODES PARTNERS Ltd raised its position in KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock worth $59,268,000 after purchasing an additional 2,694,260 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in KE by 25.1% during the second quarter. Ninety One UK Ltd now owns 3,713,270 shares of the company’s stock worth $52,543,000 after purchasing an additional 745,607 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Trading Down 2.9 %

NYSE:BEKE opened at $19.40 on Monday. The stock has a market capitalization of $23.44 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 4.39 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The firm has a 50 day moving average of $20.46 and a 200-day moving average of $17.14.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price for the company. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

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.