Swiss National Bank Sells 19,200 Shares of KE Holdings Inc. (NYSE:BEKE)

Swiss National Bank decreased its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,449,230 shares of the company’s stock after selling 19,200 shares during the period. Swiss National Bank’s holdings in KE were worth $26,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rakuten Securities Inc. boosted its position in shares of KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares during the last quarter. H Capital V GP L.P. bought a new position in shares of KE during the fourth quarter worth $91,147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of KE by 162.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,036 shares of the company’s stock worth $8,676,000 after acquiring an additional 291,387 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of KE by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company’s stock worth $173,000 after acquiring an additional 762 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its position in shares of KE by 3.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock worth $79,054,000 after acquiring an additional 154,748 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upped their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

KE Stock Up 2.6 %

KE stock opened at $25.03 on Tuesday. The company has a market cap of $30.25 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 3.45 and a beta of -0.82. The firm’s fifty day moving average is $19.56 and its 200 day moving average is $19.33. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05.

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.