KE Holdings Inc. (NYSE:BEKE) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,604,248 shares of the company’s stock after acquiring an additional 24,166 shares during the period. Jennison Associates LLC’s holdings in KE were worth $31,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CANADA LIFE ASSURANCE Co boosted its holdings 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 valued at $13,120,000 after purchasing an additional 217,376 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in KE during the 3rd quarter worth $1,124,000. Swedbank AB bought a new stake in shares of KE in the 1st quarter worth about $3,393,000. Lighthouse Investment Partners LLC bought a new position in shares of KE during the second quarter worth about $1,142,000. Finally, SG Americas Securities LLC lifted its position in shares of KE by 37.6% during the second quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock worth $3,337,000 after purchasing an additional 64,449 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company’s stock.

KE Price Performance

BEKE stock opened at $19.97 on Friday. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 4.53 and a beta of -0.73. The company has a 50-day moving average of $20.34 and a two-hundred day moving average of $17.11. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BEKE shares. 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 research note on Wednesday, October 30th. Citigroup assumed coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target for the company.

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.