Thrivent Financial for Lutherans Grows Position in KE Holdings Inc. (NYSE:BEKE)

Thrivent Financial for Lutherans lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE – Get Rating) by 167.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,296 shares of the company’s stock after purchasing an additional 56,501 shares during the quarter. Thrivent Financial for Lutherans’ holdings in KE were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its holdings in shares of KE by 61.0% during the 3rd quarter. BlackRock Inc. now owns 38,275,824 shares of the company’s stock worth $670,589,000 after purchasing an additional 14,505,095 shares during the period. Vanguard Group Inc. grew its holdings in shares of KE by 10.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,858,363 shares of the company’s stock worth $435,518,000 after purchasing an additional 2,330,202 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of KE by 12.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 20,362,608 shares of the company’s stock worth $356,754,000 after purchasing an additional 2,203,643 shares during the period. State Street Corp grew its holdings in shares of KE by 63.9% during the 3rd quarter. State Street Corp now owns 11,347,643 shares of the company’s stock worth $198,811,000 after purchasing an additional 4,422,428 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of KE by 232.1% during the 1st quarter. Wellington Management Group LLP now owns 8,008,987 shares of the company’s stock worth $99,071,000 after purchasing an additional 5,597,610 shares during the period. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

KE Stock Up 2.9 %

Shares of NYSE BEKE opened at $15.25 on Tuesday. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 69.32, a PEG ratio of 0.50 and a beta of -1.12. The stock’s fifty day simple moving average is $17.26 and its 200 day simple moving average is $16.92. KE Holdings Inc. has a 52-week low of $9.09 and a 52-week high of $21.08.

Analysts Set New Price Targets

A number of equities analysts recently commented on BEKE shares. New Street Research started coverage on KE in a report on Tuesday, May 9th. They set a “buy” rating and a $22.00 target price for the company. Barclays raised their target price on KE from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, March 30th. TheStreet cut KE from a “c-” rating to a “d+” rating in a report on Monday, April 24th. JPMorgan Chase & Co. raised their target price on KE from $23.00 to $23.50 and gave the company an “overweight” rating in a report on Friday, April 7th. Finally, Daiwa Capital Markets started coverage on KE in a report on Friday, February 24th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $23.52.

KE Profile

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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. The company operates in three segments: Existing Home Transaction Services, New Home Transaction Services, and Emerging and Other Services.