ABS Direct Equity Fund LLC Takes $436,000 Position in KE Holdings Inc. (NYSE:BEKE)

ABS Direct Equity Fund LLC acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,900 shares of the company’s stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BEKE. M&T Bank Corp increased its position in shares of KE by 14.2% during the third quarter. M&T Bank Corp now owns 46,964 shares of the company’s stock valued at $935,000 after acquiring an additional 5,838 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of KE during the 3rd quarter worth approximately $4,611,000. Y Intercept Hong Kong Ltd acquired a new stake in KE in the 3rd quarter valued at approximately $13,540,000. XTX Topco Ltd increased its holdings in KE by 324.8% in the 3rd quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after purchasing an additional 90,054 shares during the last quarter. Finally, CoreView Capital Management Ltd raised its position in KE by 11.2% in the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after purchasing an additional 515,197 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BEKE shares. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and raised their price target for the stock from $24.00 to $28.00 in a research report on Wednesday, October 30th. Citigroup began coverage on KE in a report on Tuesday, September 10th. They set a “buy” rating and a $23.80 target price for the company. Finally, Barclays boosted their price target on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

KE Trading Up 11.7 %

KE stock opened at $21.03 on Tuesday. The firm has a market capitalization of $25.41 billion, a P/E ratio of 42.91, a P/E/G ratio of 4.37 and a beta of -0.77. The stock’s fifty day simple moving average is $21.08 and its 200-day simple moving average is $17.21. KE Holdings Inc. has a twelve month low of $12.44 and a twelve month high of $26.05.

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.