KE Holdings Inc. (NYSE:BEKE) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its position in KE Holdings Inc. (NYSE:BEKE) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,317,362 shares of the company’s stock after selling 124,592 shares during the period. Baillie Gifford & Co. owned about 0.11% of KE worth $24,266,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in KE in the 3rd quarter worth about $1,124,000. XTX Topco Ltd boosted its holdings in shares of KE by 324.8% during the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after purchasing an additional 90,054 shares during the last quarter. TT International Asset Management LTD purchased a new stake in shares of KE in the fourth quarter valued at approximately $717,000. Headwater Capital Co Ltd purchased a new stake in shares of KE in the fourth quarter valued at approximately $11,052,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of KE by 5.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after purchasing an additional 76,517 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BEKE has been the subject of a number of analyst reports. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Barclays upped their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

KE Stock Performance

BEKE opened at $20.50 on Tuesday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The stock has a market capitalization of $24.76 billion, a PE ratio of 41.83, a P/E/G ratio of 2.95 and a beta of -0.76. The business’s 50 day moving average price is $18.09 and its 200 day moving average price is $18.20.

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.