UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,340,517 Shares of KE Holdings Inc. (NYSE:BEKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in KE Holdings Inc. (NYSE:BEKE) by 203.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,478,102 shares of the company’s stock after acquiring an additional 4,340,517 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in KE were worth $128,979,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in KE during the 3rd quarter worth $1,124,000. Swedbank AB acquired a new position in shares of KE in the 1st quarter valued at approximately $3,393,000. Lighthouse Investment Partners LLC acquired a new position in shares of KE in the 2nd quarter valued at approximately $1,142,000. SG Americas Securities LLC increased its stake in KE by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 235,853 shares of the company’s stock worth $3,337,000 after purchasing an additional 64,449 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in KE during the 2nd quarter worth approximately $627,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Down 0.8 %

Shares of BEKE stock opened at $18.85 on Monday. The firm’s fifty day moving average price is $20.93 and its two-hundred day moving average price is $17.19. 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 $22.78 billion, a P/E ratio of 38.47, a PEG ratio of 4.34 and a beta of -0.73.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BEKE. Bank of America raised shares of 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 research report on Wednesday, October 30th. Citigroup began coverage on KE in a research note on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price target on the stock. Finally, Barclays upped their price objective on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th.

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.