KE Holdings Inc. (NYSE:BEKE) is CoreView Capital Management Ltd's 5th Largest Position

CoreView Capital Management Ltd reduced its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,816,262 shares of the company's stock after selling 1,296,439 shares during the period. KE comprises 7.3% of CoreView Capital Management Ltd's investment portfolio, making the stock its 5th largest holding. CoreView Capital Management Ltd owned approximately 0.32% of KE worth $70,296,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Woodline Partners LP purchased a new stake in KE during the 4th quarter worth about $10,867,000. Vident Advisory LLC grew its position in shares of KE by 9.3% during the fourth quarter. Vident Advisory LLC now owns 68,693 shares of the company's stock worth $1,265,000 after buying an additional 5,850 shares in the last quarter. Tiger Pacific Capital LP purchased a new stake in shares of KE during the fourth quarter worth approximately $17,319,000. Triata Capital Ltd acquired a new stake in KE in the fourth quarter valued at approximately $30,158,000. Finally, State of Wyoming purchased a new position in KE in the fourth quarter worth approximately $100,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Up 0.7%

NYSE:BEKE traded up $0.13 during midday trading on Friday, hitting $18.45. 6,085,058 shares of the company were exchanged, compared to its average volume of 9,328,859. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05. The company has a market capitalization of $22.29 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The company has a fifty day simple moving average of $19.82 and a 200 day simple moving average of $19.60.

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 given a dividend of $0.36 per share. The ex-dividend date 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 payout ratio is 58.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BEKE shares. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and raised their price objective for the company from $22.10 to $23.00 in a report on Friday, May 16th. Citigroup cut their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Morgan Stanley upped their price objective 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. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $27.16.

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.