KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,713 shares of the company's stock after purchasing an additional 88,045 shares during the quarter. Envestnet Asset Management Inc.'s holdings in KE were worth $5,631,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of KE by 5.1% in the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after buying an additional 703 shares during the period. PNC Financial Services Group Inc. increased its position in 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. Rakuten Securities Inc. raised its holdings in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after buying an additional 1,416 shares during the period. SBI Securities Co. Ltd. acquired a new position in KE during the fourth quarter valued at approximately $30,000. Finally, Principal Securities Inc. grew its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after buying an additional 1,664 shares during the period. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Down 3.0 %

NYSE BEKE traded down $0.67 during mid-day trading on Friday, reaching $21.41. 6,268,439 shares of the company's stock traded hands, compared to its average volume of 9,862,979. The company has a fifty day simple moving average of $20.97 and a 200-day simple moving average of $19.87. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05. The company has a market cap of $25.87 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and raised their target price for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.