Renaissance Technologies Reduces $9M in KE Holdings Inc. ($BEKE)
Key Points
- Renaissance Technologies changed its KE Holdings Inc. ($BEKE) stake by 10.1% last quarter, cutting to 4,859,923 shares worth $82.08 million.
- Wall Street's consensus rating on $BEKE is Strong Buy and an average price target of $22.94.
- $BEKE last traded around $16.89.
Renaissance Technologies reduced its position in KE Holdings Inc. ($BEKE) by 10.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,859,923 shares of KE Holdings Inc. after selling 543,000 shares during the quarter. Renaissance Technologies's holdings in KE Holdings Inc. were worth $82.08 million as of its most recent filing.
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About KE Holdings Inc.
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 through five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home rental services, and Emerging and Other Services. It operates Beike, an integrated online and offline platform for housing transactions and services; Lianjia, a real estate brokerage brand; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers. The company also owns the Deyou brand for connected brokerage stores; and other brands. In addition, it offers rental property management and operation services; and contract, secure payment, escrow, and other services. KE Holdings Inc. was founded in 2001 and is headquartered in Beijing, the People's Republic of China.
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