Swiss National Bank Decreases Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Swiss National Bank trimmed its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,449,230 shares of the company’s stock after selling 19,200 shares during the period. Swiss National Bank owned approximately 0.12% of KE worth $26,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after buying an additional 4,340,517 shares during the period. CoreView Capital Management Ltd grew its position in KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after buying an additional 515,197 shares during the period. H Capital V GP L.P. bought a new stake in KE during the fourth quarter valued at approximately $91,147,000. E Fund Management Co. Ltd. grew its position in KE by 3.7% during the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock valued at $79,054,000 after buying an additional 154,748 shares during the period. Finally, Geode Capital Management LLC grew its position in KE by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after buying an additional 44,797 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, November 25th.

KE Price Performance

BEKE opened at $25.03 on Tuesday. The firm has a market cap of $30.25 billion, a P/E ratio of 51.09, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The company has a 50 day simple moving average of $19.56 and a two-hundred day simple moving average of $19.33.

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.