Swedbank AB Reduces Stake in KE Holdings Inc. (NYSE:BEKE)

Swedbank AB decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,693 shares of the company’s stock after selling 12,400 shares during the quarter. Swedbank AB’s holdings in KE were worth $4,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares during the last quarter. Rakuten Securities Inc. lifted its position in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after acquiring an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after acquiring an additional 4,021 shares in the last quarter. US Bancorp DE grew its holdings in shares of KE by 41.6% during the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after purchasing an additional 866 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th. Citigroup began coverage on shares of KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock. Finally, Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday.

KE Trading Up 1.5 %

NYSE:BEKE opened at $19.01 on Thursday. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $26.05. The stock’s 50 day simple moving average is $20.66 and its 200-day simple moving average is $17.16. The firm has a market cap of $22.97 billion, a P/E ratio of 39.16, a PEG ratio of 4.18 and a beta of -0.73.

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.