Hhlr Advisors LTD. Lowers Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Hhlr Advisors LTD. reduced its stake in KE Holdings Inc. (NYSE:BEKE) by 53.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,868,688 shares of the company’s stock after selling 12,303,642 shares during the quarter. KE makes up approximately 4.8% of Hhlr Advisors LTD.’s holdings, making the stock its 7th biggest holding. Hhlr Advisors LTD.’s holdings in KE were worth $216,396,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BEKE. Blue Trust Inc. grew its position in KE by 2,662.2% during the 2nd quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after acquiring an additional 3,168 shares during the last quarter. Rakuten Securities Inc. grew its position in KE by 334,500.0% during the 3rd 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 last quarter. Venturi Wealth Management LLC grew its position in KE by 5,089.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after acquiring an additional 4,021 shares during the last quarter. Signaturefd LLC grew its position in KE by 12.5% during the 2nd quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock worth $110,000 after acquiring an additional 866 shares during the last quarter. Finally, US Bancorp DE grew its position in KE by 41.6% during the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock worth $124,000 after acquiring an additional 1,823 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of BEKE opened at $18.85 on Friday. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 4.38 and a beta of -0.73. The business’s fifty day moving average price is $20.84 and its two-hundred day moving average price is $17.19. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BEKE shares. Barclays increased their price target on 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 KE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, October 30th. Finally, Citigroup initiated coverage on KE in a research report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 price objective on the stock.

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.