Capital World Investors Trims Stock Position in KE Holdings Inc. (NYSE:BEKE)

Capital World Investors trimmed its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,046,570 shares of the company's stock after selling 2,157,572 shares during the quarter. Capital World Investors owned approximately 0.91% of KE worth $203,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FIL Ltd increased its stake in KE by 21.1% in the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after purchasing an additional 4,503,902 shares during the period. Canada Pension Plan Investment Board increased its position 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 acquiring an additional 11,182,265 shares during the period. Renaissance Technologies LLC raised its stake in KE by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock valued at $150,228,000 after acquiring an additional 194,800 shares during the last quarter. Norges Bank acquired a new stake in KE during the 4th quarter worth approximately $130,167,000. Finally, FMR LLC lifted its position in KE by 39.4% during the 4th quarter. FMR LLC now owns 6,025,247 shares of the company's stock worth $110,985,000 after acquiring an additional 1,703,400 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on BEKE. Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $22.70 to $24.50 in a research 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 company an "overweight" rating in a 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.

KE Stock Down 3.0 %

Shares of BEKE traded down $0.67 on Friday, reaching $21.41. The stock had a trading volume of 6,268,439 shares, compared to its average volume of 9,862,979. The firm has a 50-day moving average of $20.97 and a 200 day moving average of $19.87. The firm has a market capitalization of $25.87 billion, a PE ratio of 43.69, 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 company also recently declared a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a dividend yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. KE's dividend payout ratio (DPR) is currently 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.