704,117 Shares in KE Holdings Inc. (NYSE:BEKE) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 704,117 shares of the company’s stock, valued at approximately $14,019,000.

Several other hedge funds have also added to or reduced their stakes in BEKE. Blue Trust Inc. increased its holdings in KE by 2,662.2% in the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after purchasing an additional 4,021 shares during the last quarter. Signaturefd LLC lifted its position in KE by 12.5% during the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the period. Finally, US Bancorp DE boosted its holdings in KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after purchasing an additional 1,823 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BEKE. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup started coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target for the company.

KE Stock Down 1.3 %

KE stock opened at $19.97 on Friday. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05. The firm’s fifty day moving average is $20.34 and its 200 day moving average is $17.11. The company has a market cap of $24.41 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 4.53 and a beta of -0.73.

KE Company 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.