Symmetry Investments LP Takes Position in KE Holdings Inc. (NYSE:BEKE)

Symmetry Investments LP acquired a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 111,100 shares of the company's stock, valued at approximately $2,046,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BEKE. SBI Securities Co. Ltd. acquired a new stake in KE in the 4th quarter worth $30,000. Principal Securities Inc. increased its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. raised its holdings in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares in the last quarter. US Bancorp DE lifted its position in shares of KE by 42.3% in the 4th quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after acquiring an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after purchasing an additional 762 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent research reports. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley upped their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.26.

KE Stock Performance

Shares of NYSE BEKE traded down $0.42 during mid-day trading on Monday, hitting $20.99. 2,395,593 shares of the stock were exchanged, compared to its average volume of 9,769,429. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05. The stock's fifty day simple moving average is $20.97 and its two-hundred day simple moving average is $19.84. The company has a market cap of $25.36 billion, a P/E ratio of 42.81, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. KE's payout ratio is currently 64.58%.

KE 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.