CANADA LIFE ASSURANCE Co Decreases Stake in KE Holdings Inc. (NYSE:BEKE)

CANADA LIFE ASSURANCE Co lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 754,975 shares of the company's stock after selling 105,914 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.06% of KE worth $13,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BEKE. Virtu Financial LLC purchased a new position in shares of KE in the 3rd quarter valued at about $1,033,000. Tidal Investments LLC lifted its stake in KE by 34.0% in the third quarter. Tidal Investments LLC now owns 23,735 shares of the company's stock worth $473,000 after acquiring an additional 6,017 shares during the last quarter. Franklin Resources Inc. increased its position in shares of KE by 191.4% in the 3rd quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock valued at $11,750,000 after purchasing an additional 387,598 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of KE in the 3rd quarter valued at $28,956,000. Finally, Headwater Capital Co Ltd purchased a new stake in shares of KE during the 4th quarter worth $11,052,000. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

Shares of NYSE:BEKE traded down $0.67 during trading on Friday, reaching $21.41. The company had a trading volume of 6,268,439 shares, compared to its average volume of 9,862,979. The stock's fifty day moving average price is $20.97 and its 200 day moving average price is $19.87. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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

Analyst Ratings Changes

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

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.