CoreView Capital Management Ltd Has $70.30 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

CoreView Capital Management Ltd cut its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,816,262 shares of the company's stock after selling 1,296,439 shares during the quarter. KE makes up about 7.3% of CoreView Capital Management Ltd's holdings, making the stock its 5th biggest holding. CoreView Capital Management Ltd owned 0.32% of KE worth $70,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BEKE. SBI Securities Co. Ltd. bought a new stake in KE in the 4th quarter worth approximately $30,000. Principal Securities Inc. lifted its holdings in shares of KE by 411.9% in 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 in the last quarter. Rakuten Securities Inc. raised its holdings in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares in the last quarter. State of Wyoming bought a new position in shares of KE in the 4th quarter valued at about $100,000. Finally, Raiffeisen Bank International AG bought a new position in shares of KE during the 4th quarter valued at approximately $151,000. Institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the stock from $22.10 to $23.00 in a report on Friday. Morgan Stanley lifted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Citigroup cut their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, KE presently has a consensus rating of "Buy" and an average price target of $27.16.

KE Price Performance

Shares of BEKE stock opened at $19.05 on Tuesday. The business has a fifty day moving average of $20.25 and a 200 day moving average of $19.69. The firm has a market capitalization of $23.02 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.92 and a 1 year high of $26.05.

KE Increases Dividend

The firm also recently disclosed 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. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, April 9th. KE's dividend payout ratio is 58.49%.

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.

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