Alkeon Capital Management LLC Has $92.58 Million Position in KE Holdings Inc. (NYSE:BEKE)

Alkeon Capital Management LLC cut its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 54.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.42% of KE worth $92,579,000 as of its most recent filing with the Securities and Exchange Commission.

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

KE Stock Performance

NYSE:BEKE traded down $0.25 during mid-day trading on Thursday, hitting $19.34. The stock had a trading volume of 3,389,561 shares, compared to its average volume of 9,499,359. The company's 50 day simple moving average is $20.84 and its 200 day simple moving average is $19.82. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05.

KE Increases Dividend

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

Analysts Set New Price Targets

BEKE has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group lowered KE from a "buy" rating to a "neutral" rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Morgan Stanley increased their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.26.

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.