The Manufacturers Life Insurance Company Has $57.96 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

The Manufacturers Life Insurance Company trimmed its position in KE Holdings Inc. (NYSE:BEKE) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,911,236 shares of the company’s stock after selling 444,659 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.24% of KE worth $57,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of KE by 2,662.2% during the second quarter. Blue Trust Inc. now owns 3,287 shares of the company’s stock worth $45,000 after buying an additional 3,168 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of KE by 334,500.0% in the 3rd quarter. Rakuten Securities Inc. now owns 3,346 shares of the company’s stock worth $67,000 after purchasing an additional 3,345 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company’s stock worth $82,000 after purchasing an additional 4,021 shares during the period. Signaturefd LLC increased its holdings in KE by 12.5% in the second quarter. Signaturefd LLC now owns 7,781 shares of the company’s stock valued at $110,000 after purchasing an additional 866 shares during the last quarter. Finally, US Bancorp DE lifted its stake in 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 buying an additional 1,823 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

NYSE BEKE opened at $19.01 on Thursday. The stock has a market cap of $22.97 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 4.18 and a beta of -0.73. The business has a 50 day simple moving average of $20.66 and a 200 day simple moving average of $17.16. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $26.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BEKE shares. Barclays boosted their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America raised shares of KE from a “neutral” rating to a “buy” rating and upped their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Finally, Citigroup began coverage on shares of KE in a research report on Tuesday, September 10th. They set a “buy” rating and a $23.80 price target on the stock.

KE Company Profile

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.