Union Bancaire Privee UBP SA Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Union Bancaire Privee UBP SA purchased a new position in KE Holdings Inc. (NYSE:BEKE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,256 shares of the company’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BEKE. Creative Planning raised its holdings in KE by 7.1% during the 3rd quarter. Creative Planning now owns 30,002 shares of the company’s stock worth $597,000 after buying an additional 1,988 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of KE by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 58,758 shares of the company’s stock valued at $1,170,000 after buying an additional 1,271 shares in the last quarter. abrdn plc grew its stake in shares of KE by 24.5% in the 3rd quarter. abrdn plc now owns 591,835 shares of the company’s stock valued at $11,869,000 after buying an additional 116,367 shares in the last quarter. US Bancorp DE grew its stake in shares of KE by 41.6% in the 3rd quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after buying an additional 1,823 shares in the last quarter. Finally, WT Asset Management Ltd bought a new stake in shares of KE in the 3rd quarter valued at approximately $2,489,000. 39.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BEKE shares. Bank of America raised KE from a “neutral” rating to a “buy” rating and boosted their price target for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays boosted their price target on KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.

KE Stock Down 2.5 %

Shares of KE stock opened at $20.39 on Tuesday. The stock has a market capitalization of $24.63 billion, a P/E ratio of 41.60, a PEG ratio of 3.34 and a beta of -0.76. The stock has a 50 day moving average price of $18.13 and a two-hundred day moving average price of $18.44. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month 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.