KBC Group NV Has $4.65 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

KBC Group NV lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 252,475 shares of the company’s stock after selling 16,071 shares during the period. KBC Group NV’s holdings in KE were worth $4,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the third quarter worth $30,000. Rakuten Securities Inc. raised its stake in shares of KE by 334,500.0% during the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after purchasing an additional 3,345 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after buying an additional 4,021 shares during the last quarter. US Bancorp DE grew its stake in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in KE in the third quarter worth approximately $219,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

KE Stock Up 5.7 %

Shares of BEKE stock opened at $18.35 on Friday. KE Holdings Inc. has a 12 month low of $12.44 and a 12 month high of $26.05. The company has a market cap of $22.17 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.78 and a beta of -0.76. The business’s 50 day moving average is $18.18 and its two-hundred day moving average is $17.75.

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.