LMR Partners LLP Purchases 51,428 Shares of KE Holdings Inc. (NYSE:BEKE)

LMR Partners LLP boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 87.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,568 shares of the company’s stock after purchasing an additional 51,428 shares during the period. LMR Partners LLP’s holdings in KE were worth $2,201,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its position in shares of KE by 29.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 955,669 shares of the company’s stock worth $13,120,000 after purchasing an additional 217,376 shares during the period. Swedbank AB purchased a new position in shares of KE during the first quarter worth $3,393,000. Lighthouse Investment Partners LLC purchased a new position in shares of KE during the second quarter worth $1,142,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in KE in the third quarter valued at $1,124,000. Finally, SG Americas Securities LLC increased its holdings in KE by 37.6% in the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock valued at $3,337,000 after buying an additional 64,449 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BEKE shares. Citigroup started coverage on shares of KE in a research note on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company. 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 Trading Up 5.3 %

Shares of KE stock opened at $20.56 on Tuesday. The company has a fifty day simple moving average of $19.96 and a 200-day simple moving average of $17.05. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 4.29 and a beta of -0.73.

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.