Catalyst Funds Management Pty Ltd Has $809,000 Stock Position in KE Holdings Inc. (NYSE:BEKE)

Catalyst Funds Management Pty Ltd lifted its stake in KE Holdings Inc. (NYSE:BEKE) by 1,729.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,900 shares of the company’s stock after buying an additional 41,500 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in KE were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE in the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of KE in the 4th quarter worth approximately $30,000. Principal Securities Inc. raised its holdings in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after buying an additional 1,664 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of KE by 5,089.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after buying an additional 4,021 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after buying an additional 1,416 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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.

KE Price Performance

NYSE BEKE opened at $24.40 on Friday. The firm has a market cap of $29.49 billion, a PE ratio of 49.80, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a one year low of $12.48 and a one year high of $26.05. The stock’s 50 day simple moving average is $19.41 and its 200 day simple moving average is $19.18.

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.