US Bancorp DE Acquires 1,823 Shares of KE Holdings Inc. (NYSE:BEKE)

US Bancorp DE raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 41.6% in the 3rd quarter, Holdings Channel reports. The firm owned 6,203 shares of the company’s stock after purchasing an additional 1,823 shares during the quarter. US Bancorp DE’s holdings in KE were worth $124,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. RWC Asset Advisors US LLC bought a new stake in KE during the 2nd quarter valued at about $70,807,000. Price T Rowe Associates Inc. MD raised its stake in shares of KE by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,363,638 shares of the company’s stock valued at $526,734,000 after acquiring an additional 4,736,152 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of KE by 180.3% in the second quarter. ANTIPODES PARTNERS Ltd now owns 4,188,521 shares of the company’s stock valued at $59,268,000 after purchasing an additional 2,694,260 shares during the period. Assenagon Asset Management S.A. grew its stake in KE by 1,155.7% in the third quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock worth $46,854,000 after purchasing an additional 2,165,863 shares in the last quarter. Finally, Turiya Advisors Asia Ltd increased its holdings in KE by 56.2% during the 2nd quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after purchasing an additional 1,824,206 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective for the company.

KE Stock Up 0.8 %

KE stock opened at $19.52 on Friday. The firm has a market cap of $23.86 billion, a P/E ratio of 40.67, a P/E/G ratio of 4.39 and a beta of -0.73. The business has a fifty day moving average of $19.84 and a two-hundred day moving average of $17.00. 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.