Ninety One North America Inc. Buys 12,067 Shares of KE Holdings Inc. (NYSE:BEKE)

Ninety One North America Inc. grew its stake in KE Holdings Inc. (NYSE:BEKE) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,615,517 shares of the company’s stock after acquiring an additional 12,067 shares during the period. KE accounts for approximately 1.8% of Ninety One North America Inc.’s investment portfolio, making the stock its 22nd biggest holding. Ninety One North America Inc.’s holdings in KE were worth $29,758,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BEKE. M&G PLC raised its holdings in KE by 16.4% during the 3rd quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after purchasing an additional 1,422,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after purchasing an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd raised its holdings in KE by 11.2% during the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock worth $101,794,000 after purchasing an additional 515,197 shares during the last quarter. Geode Capital Management LLC raised its holdings in KE by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock worth $74,323,000 after purchasing an additional 44,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in KE by 36.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company’s stock worth $59,155,000 after purchasing an additional 858,185 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays raised their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th.

KE Price Performance

BEKE opened at $17.10 on Tuesday. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.88 and a beta of -0.76. The firm’s fifty day moving average price is $18.11 and its two-hundred day moving average price is $17.83. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05.

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.