Headwater Capital Co Ltd Purchases Shares of 600,000 KE Holdings Inc. (NYSE:BEKE)

Headwater Capital Co Ltd purchased a new stake in KE Holdings Inc. (NYSE:BEKE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 600,000 shares of the company’s stock, valued at approximately $11,052,000. KE makes up about 5.9% of Headwater Capital Co Ltd’s holdings, making the stock its 8th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE during the third quarter worth $30,000. Rakuten Securities Inc. increased its holdings in shares of KE by 334,500.0% in the third quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock valued at $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of KE by 5,089.9% in the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $82,000 after purchasing an additional 4,021 shares during the last quarter. US Bancorp DE increased its holdings in shares of KE by 41.6% in the third quarter. US Bancorp DE now owns 6,203 shares of the company’s stock valued at $124,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of KE in the second quarter valued at about $146,000. Institutional investors own 39.34% of the company’s stock.

KE Price Performance

KE stock opened at $16.39 on Monday. The business has a 50 day moving average of $19.29 and a 200-day moving average of $17.60. KE Holdings Inc. has a 1 year low of $12.44 and a 1 year high of $26.05. The company has a market capitalization of $19.80 billion, a P/E ratio of 33.45, a P/E/G ratio of 4.76 and a beta of -0.76.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $28.00 in a report on Wednesday, October 30th. Barclays increased their target price on shares of KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, November 25th.

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.