UG Investment Advisers Ltd. Boosts Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

UG Investment Advisers Ltd. boosted its position in shares of KE Holdings Inc. (NYSE:BEKE) by 60.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,091,234 shares of the company’s stock after acquiring an additional 410,477 shares during the period. KE makes up about 7.9% of UG Investment Advisers Ltd.’s investment portfolio, making the stock its 5th largest position. UG Investment Advisers Ltd.’s holdings in KE were worth $20,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE in the third quarter valued at about $30,000. Rakuten Securities Inc. increased its position in shares of 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 purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 4,021 shares in the last quarter. US Bancorp DE boosted its holdings 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 during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of KE in the second quarter valued at $146,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Performance

Shares of BEKE stock opened at $17.10 on Wednesday. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 2.78 and a beta of -0.76. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $26.05. The company has a 50-day simple moving average of $18.27 and a 200 day simple moving average of $17.75.

Analysts Set New Price Targets

BEKE has been the topic of several analyst reports. Barclays upped their price target on shares of 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 raised shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a report on Wednesday, October 30th.

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.