Robeco Institutional Asset Management B.V. Increases Holdings in KE Holdings Inc. (NYSE:BEKE)

Robeco Institutional Asset Management B.V. increased its stake in KE Holdings Inc. (NYSE:BEKE) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,274,883 shares of the company’s stock after acquiring an additional 99,738 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of KE worth $23,483,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. M&G PLC raised its position in KE by 16.4% in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of KE by 203.1% in the third 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 buying an additional 4,340,517 shares during the period. CoreView Capital Management Ltd lifted 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 acquiring an additional 515,197 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KE by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after acquiring an additional 44,797 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in KE by 36.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,211,453 shares of the company’s stock valued at $59,155,000 after acquiring an additional 858,185 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

KE Price Performance

NYSE:BEKE opened at $18.35 on Friday. The company’s fifty day moving average price is $18.18 and its 200-day moving average price is $17.75. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $26.05. The firm has a market capitalization of $22.17 billion, a P/E ratio of 37.44, a PEG ratio of 2.78 and a beta of -0.76.

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.