Alberta Investment Management Corp Reduces Holdings in KE Holdings Inc. (NYSE:BEKE)

Alberta Investment Management Corp cut its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,781 shares of the company’s stock after selling 112,462 shares during the quarter. Alberta Investment Management Corp’s holdings in KE were worth $18,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in KE by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,271 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the 3rd quarter valued at about $30,000. Principal Securities Inc. boosted its holdings in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in KE by 6.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,201 shares of the company’s stock valued at $541,000 after acquiring an additional 1,692 shares during the period. Finally, US Bancorp DE boosted its holdings in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after acquiring an additional 1,823 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BEKE shares. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

KE Stock Down 4.4 %

BEKE opened at $19.60 on Wednesday. The stock has a market cap of $23.68 billion, a PE ratio of 39.99, a PEG ratio of 2.95 and a beta of -0.76. The business has a 50 day moving average of $18.07 and a 200-day moving average of $18.24. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05.

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.