E Fund Management Co. Ltd. Purchases 154,748 Shares of KE Holdings Inc. (NYSE:BEKE)

E Fund Management Co. Ltd. grew its position in KE Holdings Inc. (NYSE:BEKE) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,291,751 shares of the company’s stock after purchasing an additional 154,748 shares during the period. KE makes up 4.0% of E Fund Management Co. Ltd.’s holdings, making the stock its 5th largest position. E Fund Management Co. Ltd. owned approximately 0.36% of KE worth $79,054,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M&G PLC grew its holdings in KE by 16.4% during the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after acquiring an additional 1,422,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in KE by 203.1% during 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 acquiring an additional 4,340,517 shares during the period. CoreView Capital Management Ltd grew its holdings in KE by 11.2% during the third 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 period. Geode Capital Management LLC grew its holdings in KE by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock worth $74,323,000 after acquiring an additional 44,797 shares during the period. Finally, Ninety One UK Ltd grew its holdings in KE by 1.8% during the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company’s stock worth $66,507,000 after acquiring an additional 62,265 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Stock Performance

Shares of KE stock opened at $24.44 on Thursday. KE Holdings Inc. has a one year low of $12.44 and a one year high of $26.05. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 3.45 and a beta of -0.82. The business’s 50 day moving average price is $18.70 and its 200 day moving average price is $18.79.

Wall Street Analyst Weigh In

Separately, Barclays raised their target price on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

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.