KE Holdings Inc. (NYSE:BEKE) Position Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in KE Holdings Inc. (NYSE:BEKE) by 36.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,211,453 shares of the company’s stock after buying an additional 858,185 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.27% of KE worth $59,155,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new position in KE in the 3rd quarter worth approximately $1,124,000. XTX Topco Ltd boosted its position in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after buying an additional 90,054 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of KE during the second quarter valued at $1,142,000. TT International Asset Management LTD acquired a new position in KE during the fourth quarter valued at $717,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in KE by 5.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after buying an additional 76,517 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on BEKE. Bank of America raised KE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays raised their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

KE Price Performance

Shares of NYSE BEKE opened at $16.65 on Thursday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The business’s 50-day moving average price is $19.05 and its two-hundred day moving average price is $17.63. The company has a market capitalization of $20.12 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 4.76 and a beta of -0.76.

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.