TT International Asset Management LTD Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

TT International Asset Management LTD purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,936 shares of the company’s stock, valued at approximately $717,000.

Other hedge funds have also modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new position in KE in the third quarter valued at approximately $1,124,000. XTX Topco Ltd grew its position in KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after purchasing an additional 90,054 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of KE in the 2nd quarter valued at about $1,142,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of KE by 5.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,583,585 shares of the company’s stock valued at $31,529,000 after acquiring an additional 76,517 shares during the period. Finally, MBB Public Markets I LLC bought a new position in shares of KE in the 2nd quarter valued at about $627,000. 39.34% of the stock is owned by institutional investors.

KE Trading Down 1.4 %

Shares of NYSE:BEKE opened at $16.39 on Monday. The firm has a 50 day moving average of $19.29 and a 200-day moving average of $17.60. The stock has a market capitalization of $19.80 billion, a PE ratio of 33.45, a PEG ratio of 4.76 and a beta of -0.76. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05.

Analyst Ratings Changes

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

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.