KE Holdings Inc. (NYSE:BEKE – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $25.09, but opened at $23.65. KE shares last traded at $22.97, with a volume of 4,813,596 shares.
Analysts Set New Price Targets
Separately, Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.
Check Out Our Latest Analysis on BEKE
KE Price Performance
Institutional Investors Weigh In On KE
A number of institutional investors and hedge funds have recently modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE in the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of KE in the fourth quarter worth $30,000. Principal Securities Inc. boosted its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after buying an additional 1,664 shares during the period. Rakuten Securities Inc. grew its position in 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 buying an additional 1,416 shares in the last quarter. Finally, State of Wyoming bought a new position in KE in the 4th quarter worth about $100,000. 39.34% of the stock is owned by hedge funds and other institutional investors.
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.
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