KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of KE Holdings Inc. (NYSE:BEKE) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,774 shares of the company’s stock after buying an additional 5,317 shares during the period. Quantinno Capital Management LP’s holdings in KE were worth $434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new position in KE in the second quarter valued at about $2,652,000. Blue Trust Inc. boosted its stake in shares of KE by 2,662.2% during 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. Ninety One North America Inc. grew its position in shares of KE by 25.5% during the second quarter. Ninety One North America Inc. now owns 1,689,193 shares of the company’s stock worth $23,902,000 after buying an additional 343,668 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of KE by 25.1% in the second quarter. Ninety One UK Ltd now owns 3,713,270 shares of the company’s stock worth $52,543,000 after buying an additional 745,607 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in KE by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 1,044,077 shares of the company’s stock valued at $14,774,000 after acquiring an additional 72,755 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several recent analyst reports. Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Citigroup started coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target for the company. Finally, Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Stock Performance

NYSE BEKE opened at $19.42 on Friday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company has a 50-day simple moving average of $20.70 and a 200-day simple moving average of $17.30. The firm has a market capitalization of $23.47 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 4.76 and a beta of -0.77.

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.