WT Asset Management Ltd's Investment in KE Holdings Inc.

WT Asset Management Ltd has made a significant increase in its investment in KE Holdings Inc. (NYSE:BEKE - Free Report). During the fourth quarter, the company raised its position by an astounding 1,761.8% according to its latest filing with the Securities and Exchange Commission. After acquiring an additional 2,202,198 shares, WT Asset Management now holds a total of 2,327,198 shares of KE Holdings, which constitutes 4.7% of its overall portfolio, making it the 9th largest holding of the investor.

As of the end of the latest quarter, the value of WT Asset Management's stake in KE Holdings is approximately $42,867,000, representing about 0.19% of KE's total shares outstanding.

Institutional Interest in KE Holdings

Other institutional investors have also been active with their investments in KE Holdings. For instance, Point72 Asia Singapore Pte. Ltd. acquired a new stake valued at $30,000 in the third quarter. Additionally, Rakuten Securities Inc. remarkably increased its stake by 334,500%, now holding 3,346 shares worth $67,000 after purchasing an extra 3,345 shares during the recent quarter. Similarly, Venturi Wealth Management LLC raised its position by 5,089.9%, totaling 4,100 shares valued at $82,000 after a recent acquisition of 4,021 shares. US Bancorp DE increased its stake by 41.6%, owning 6,203 shares worth $124,000 following an additional purchase of 1,823 shares. Furthermore, Quantbot Technologies LP established a new position in KE worth approximately $219,000 in the third quarter.

In total, hedge funds and other institutional investors collectively own around 39.34% of KE Holdings’ stock.

Analyst Perspectives on KE Holdings

Recently, several research firms have updated their perspectives on KE Holdings. Bank of America has upgraded the stock from a "neutral" rating to a "buy" rating, while also raising their price target from $24.00 to $28.00. Meanwhile, Barclays has increased its target for KE from $30.00 to $33.00, giving it an "overweight" rating.

Current Stock Performance of KE Holdings

As of Wednesday, shares of KE Holdings opened at $17.39. The company has experienced a 52-week low of $12.44 and a high of $26.05. KE Holdings holds a market capitalization of $21.01 billion and displays a price-to-earnings (PE) ratio of 35.48, a price-to-earnings-growth (P/E/G) ratio of 2.88, and a beta of -0.76. Its 50-day simple moving average stands at $18.08, while its 200-day simple moving average is $17.85.

About KE Holdings

KE Holdings Inc. operates through subsidiaries and runs an integrated platform for online and offline housing transactions and related services in China. The company divides its operations into four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.

Investment Insights

Investors looking for insights into KE Holdings may want to analyze various performance metrics and investor activity surrounding the stock. It is advisable to consider the ratings from top analysts when making investment decisions.

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