Greenwoods Asset Management Hong Kong Ltd. Has $10.02 Million Position in KE Holdings Inc. (NYSE:BEKE)

Greenwoods Asset Management Hong Kong Ltd. reduced its holdings in KE Holdings Inc. (NYSE:BEKE) by 43.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 543,800 shares of the company’s stock after selling 416,922 shares during the quarter. KE comprises 0.3% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 25th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in KE were worth $10,017,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. M&G PLC increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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. E Fund Management Co. Ltd. increased its stake in shares of KE by 3.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock worth $79,054,000 after purchasing an additional 154,748 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of 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. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays boosted 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.

KE Stock Performance

Shares of BEKE stock opened at $24.45 on Friday. The company has a market capitalization of $29.54 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 3.45 and a beta of -0.82. The company has a 50-day simple moving average of $18.82 and a 200 day simple moving average of $18.83. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week 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.