Cigna Investments Inc. New Has $205,000 Stock Position in KE Holdings Inc. (NYSE:BEKE)

Cigna Investments Inc. New lessened its stake in KE Holdings Inc. (NYSE:BEKE) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,110 shares of the company’s stock after selling 1,189 shares during the quarter. Cigna Investments Inc. New’s holdings in KE were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BEKE. Creative Planning grew its holdings in KE by 106.6% during the second quarter. Creative Planning now owns 28,014 shares of the company’s stock worth $396,000 after purchasing an additional 14,457 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of KE by 25.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 250,234 shares of the company’s stock valued at $4,982,000 after buying an additional 50,900 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of KE by 352.9% during the 3rd quarter. Blue Trust Inc. now owns 14,886 shares of the company’s stock worth $296,000 after acquiring an additional 11,599 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in KE by 1,155.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,353,268 shares of the company’s stock valued at $46,854,000 after acquiring an additional 2,165,863 shares during the period. 39.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 report on Monday, November 25th. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $28.00 in a research note on Wednesday, October 30th.

KE Price Performance

Shares of NYSE BEKE opened at $19.49 on Wednesday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 2.95 and a beta of -0.76. The stock’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $18.01.

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.