National Pension Service Lowers Stake in KE Holdings Inc.

The National Pension Service has reduced its investment in KE Holdings Inc. (NYSE:BEKE) by 10.6% during the fourth quarter, as reported in a recent filing with the Securities and Exchange Commission. After selling 21,051 shares, the firm now holds 176,624 shares of KE Holdings, which were valued at approximately $3,253,000 at the time of the filing.

Institutional Investors Shift Positions

In addition to the National Pension Service, various other institutional investors have also adjusted their holdings in KE Holdings. For instance, Point72 Asia Singapore Pte. Ltd. established a new investment in the third quarter worth around $30,000. Meanwhile, Principal Securities Inc. expanded its stake by an impressive 411.9% during the same quarter and currently possesses 2,068 shares, valued at $38,000 after acquiring an additional 1,664 shares.

Furthermore, Rakuten Securities Inc. significantly increased its ownership in KE by 334,500.0% in the third quarter, now owning 3,346 shares worth $67,000 following the purchase of an extra 3,345 shares. Venturi Wealth Management LLC also made substantial gains, boosting its investment by 5,089.9% to hold 4,100 shares valued at $82,000 after adding 4,021 shares. Lastly, US Bancorp DE raised its stake by 41.6% in the last quarter, bringing its total to 6,203 shares worth $124,000. Collectively, institutional investors and hedge funds now account for 39.34% of KE Holdings' shares.

Market Performance

On Friday, KE Holdings traded down by 2.8%, opening at $22.27. The company has a market capitalization of $26.91 billion, with a P/E ratio of 45.45 and a P/E/G ratio of 3.45. Currently, the stock's 50-day moving average price is $18.43, while the 200-day moving average is $18.63. The shares have fluctuated within a 12-month range, hitting a low of $12.44 and a high of $26.05.

Analyst Insights

In a notable update, Barclays recently raised its price target for KE Holdings, increasing it from $30.00 to $33.00 and granting the stock an “overweight” rating in a research note published on November 25th.

Company Overview

KE Holdings Inc. provides an integrated platform for housing transactions and services across China through its subsidiaries. The company operates through four key segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.

Pension, Stake, Investment