CoreView Capital Management Ltd Raises Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

CoreView Capital Management Ltd boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 11.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,112,701 shares of the company’s stock after buying an additional 515,197 shares during the period. KE makes up approximately 12.2% of CoreView Capital Management Ltd’s investment portfolio, making the stock its 4th largest position. CoreView Capital Management Ltd’s holdings in KE were worth $101,794,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. RWC Asset Advisors US LLC bought a new position in KE in the second quarter valued at about $70,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after purchasing an additional 4,340,517 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in KE by 180.3% in the 2nd 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 last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $46,854,000 after buying an additional 2,165,863 shares in the last quarter. Finally, Turiya Advisors Asia Ltd grew its stake in shares of KE by 56.2% during the second quarter. Turiya Advisors Asia Ltd now owns 5,070,206 shares of the company’s stock worth $71,743,000 after buying an additional 1,824,206 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BEKE shares. Citigroup initiated coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price objective on the stock. Barclays boosted their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Trading Down 0.1 %

NYSE BEKE opened at $18.81 on Friday. The firm has a market capitalization of $22.72 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 4.47 and a beta of -0.77. The business’s 50-day moving average price is $21.06 and its two-hundred day moving average price is $17.20. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

KE 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.