Nisa Investment Advisors LLC purchased a new position in shares of KE Holdings Inc. (NYSE: BEKE – Get Rating) in the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The company purchased 979,000 shares of the company stock valued at approximately $13,667,000. Nisa Investment Advisors LLC owned 0.08% of KE as of his most recent SEC filing.
A number of other institutional investors have also changed their stakes in the company. Wipfli Financial Advisors LLC purchased new shares in his KE worth about $25,000 in the third quarter. EverSource Wealth Advisors LLC bought a new position worth about $66,000 in his KE in the third quarter. Ronald Blue Trust Inc. increased his KE stock position by 117.1% in the third quarter. Ronald Blue Trust Inc. now owns 5,357 shares of the company stock valued at $96,000 after acquiring an additional 2,890 shares during this period. Comerica Bank bought a new position in his KE worth $109,000 in the third quarter. Finally, Envestnet Asset Management Inc. increased his KE holdings by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company stock worth $152,000 after he purchased an additional 1,779 shares during this period. 40.00% of the shares are owned by institutional investors and hedge funds.
Wall Street analyst opinion
BEKE has been the subject of many analyst reports. TheStreet upgraded KE from a ‘d’ rating to a ‘c-‘ rating in its investigative report on Tuesday, February 7th. JPMorgan Chase & Co. raised its price target for KE from $23.00 to $23.50, giving the company an ‘overweight’ rating, in a report on Friday, April 7. Barclays has targeted KE. It raised its share price from $27.00 to $28.00 and gave it an “overweight” rating in its research report on Thursday, March 30. Finally, Daiwa Capital Markets undertook coverage of his KE in its Friday, Feb. 24 report. They gave the company a “buy” rating. Five equity research analysts rated the stock with a buy rating, according to MarketBeat data. Currently, the consensus rating for the stock is Buy, with a consensus price target of $23.82.
KE Trading down 1.8%
NYSE:BEKE opened at $17.83 on Friday. The company has a 50-day moving average price of $18.48 and a 200-day moving average price of $16.40. KE Holdings Inc. has a one-year low of $9.09 and a one-year high of $21.08.
KE Holdings Inc, through its subsidiaries, is engaged 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.
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