KE Holdings Inc. (NYSE:BEKE) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network raised its stake in KE Holdings Inc. (NYSE:BEKE) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,288 shares of the company’s stock after acquiring an additional 2,841 shares during the period. First Affirmative Financial Network’s holdings in KE were worth $263,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BEKE. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE in the third quarter worth $30,000. Rakuten Securities Inc. grew its position in 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 buying an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC increased its stake in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares during the period. US Bancorp DE raised its position in shares of KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after buying an additional 1,823 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of KE in the 3rd quarter worth approximately $219,000. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BEKE has been the topic of several research analyst reports. Barclays lifted their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Stock Performance

BEKE opened at $18.35 on Friday. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $17.75. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The company has a market cap of $22.17 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.78 and a beta of -0.76.

About KE

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.