Banque Cantonale Vaudoise Has $4.98 Million Stake in KE Holdings Inc. (NYSE:BEKE)

Banque Cantonale Vaudoise lifted its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 25.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Banque Cantonale Vaudoise’s holdings in KE were worth $4,978,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. LMR Partners LLP grew its position in shares of KE by 87.0% during the 3rd quarter. LMR Partners LLP now owns 110,568 shares of the company’s stock worth $2,201,000 after buying an additional 51,428 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new position in KE in the third quarter worth approximately $1,124,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in KE in the third quarter worth approximately $3,340,000. Oppenheimer Asset Management Inc. boosted its holdings in KE by 10.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 278,157 shares of the company’s stock worth $5,538,000 after acquiring an additional 25,216 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after acquiring an additional 3,345 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Price Performance

BEKE opened at $20.56 on Tuesday. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05. The firm has a market capitalization of $25.14 billion, a PE ratio of 42.83, a P/E/G ratio of 4.29 and a beta of -0.73. The company’s 50-day moving average is $19.96 and its 200 day moving average is $17.05.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America upgraded KE from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Citigroup started coverage on shares of KE in a report on Tuesday, September 10th. They issued a “buy” rating and a $23.80 target price on the stock.

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.