BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 682,500 Shares of KE Holdings Inc. (NYSE:BEKE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 73.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 252,750 shares of the company’s stock after selling 682,500 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in KE were worth $5,032,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after purchasing an additional 3,168 shares during the period. Rakuten Securities Inc. increased its stake in shares of KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after buying an additional 4,021 shares during the last quarter. Signaturefd LLC boosted its stake in KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after buying an additional 866 shares in the last quarter. Finally, US Bancorp DE raised its stake in KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after acquiring an additional 1,823 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

BEKE has been the topic of several research reports. Barclays lifted their price target on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Citigroup initiated coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price on the stock. Finally, Bank of America raised 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 Up 2.4 %

Shares of KE stock opened at $19.31 on Tuesday. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 4.34 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05. The company’s fifty day moving average is $20.93 and its 200 day moving average is $17.18.

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.