Alkeon Capital Management LLC Reduces Position in KE Holdings Inc. (NYSE:BEKE)

Alkeon Capital Management LLC decreased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 54.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,025,999 shares of the company's stock after selling 6,000,000 shares during the period. Alkeon Capital Management LLC owned about 0.42% of KE worth $92,579,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after buying an additional 11,182,265 shares during the period. Norges Bank bought a new position in KE during the fourth quarter worth about $130,167,000. Aspex Management HK Ltd acquired a new position in shares of KE in the fourth quarter valued at approximately $119,996,000. H Capital V GP L.P. acquired a new stake in KE in the 4th quarter valued at approximately $91,147,000. Finally, FIL Ltd increased its stake in KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after buying an additional 4,503,902 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group lowered KE from a "buy" rating to a "neutral" rating and increased their price target for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Morgan Stanley lifted their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, KE has an average rating of "Moderate Buy" and an average price target of $27.26.

KE Stock Performance

Shares of NYSE:BEKE traded down $0.28 on Tuesday, reaching $20.56. The company's stock had a trading volume of 4,978,288 shares, compared to its average volume of 9,523,779. The company has a 50-day simple moving average of $20.90 and a 200 day simple moving average of $19.82. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05. The company has a market cap of $24.84 billion, a P/E ratio of 41.95, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.36 per share. This represents a dividend yield of 1.4%. This is an increase from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. KE's dividend payout ratio (DPR) is 64.58%.

About KE

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.