Virtu Financial LLC Acquires Shares of 51,885 KE Holdings Inc. (NYSE:BEKE)

Virtu Financial LLC bought a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, Holdings Channel.com reports. The fund bought 51,885 shares of the company’s stock, valued at approximately $1,033,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEKE. Geode Capital Management LLC grew its position in shares of KE by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after purchasing an additional 44,797 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in KE in the 3rd quarter valued at $436,000. M&T Bank Corp increased its stake in shares of KE by 14.2% in the 3rd quarter. M&T Bank Corp now owns 46,964 shares of the company’s stock worth $935,000 after acquiring an additional 5,838 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of KE in the 3rd quarter worth $4,611,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of KE during the 3rd quarter worth $13,540,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Price Performance

NYSE BEKE opened at $19.42 on Friday. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The stock has a market capitalization of $23.47 billion, a P/E ratio of 39.63, a PEG ratio of 4.76 and a beta of -0.77. The firm’s 50-day moving average is $20.70 and its two-hundred day moving average is $17.30.

Analysts Set New Price Targets

BEKE has been the subject of a number of analyst reports. Barclays upped their price objective 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 report on Tuesday, September 10th. They set 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 report on Wednesday, October 30th.

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.