Crossmark Global Holdings Inc. Purchases 1,692 Shares of KE Holdings Inc. (NYSE:BEKE)

Crossmark Global Holdings Inc. lifted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,201 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in KE were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock valued at $45,000 after buying an additional 3,168 shares during the last quarter. Signaturefd LLC increased its stake in KE by 12.5% in the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after buying an additional 866 shares during the last quarter. US Bancorp DE increased its stake in KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in KE in the 2nd quarter valued at $146,000. Finally, QRG Capital Management Inc. increased its stake in KE by 11.3% in the 1st quarter. QRG Capital Management Inc. now owns 13,357 shares of the company’s stock valued at $183,000 after buying an additional 1,360 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

KE Trading Up 0.8 %

NYSE BEKE opened at $19.52 on Friday. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 4.39 and a beta of -0.73. The firm’s 50 day simple moving average is $19.84 and its 200 day simple moving average is $17.01. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year 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.