KE Holdings Inc. (NYSE:BEKE) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC lessened its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,200 shares of the company's stock after selling 42,000 shares during the period. ABS Direct Equity Fund LLC's holdings in KE were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in shares of KE by 3,315.0% during the 4th quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company's stock worth $17,401,000 after acquiring an additional 917,005 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in KE in the fourth quarter valued at approximately $708,000. Rhumbline Advisers increased its position in shares of KE by 10.8% during the fourth quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock worth $1,757,000 after purchasing an additional 9,330 shares in the last quarter. C WorldWide Group Holding A S grew its position in KE by 2,639.9% during the 4th quarter. C WorldWide Group Holding A S now owns 969,694 shares of the company's stock worth $17,862,000 after purchasing an additional 934,302 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in KE by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,077,371 shares of the company's stock valued at $19,845,000 after buying an additional 82,856 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BEKE. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Wall Street Zen raised KE from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and raised their price target for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, Citigroup cut their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $27.16.

KE Price Performance

BEKE opened at $18.56 on Friday. 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 $22.43 billion, a P/E ratio of 37.88, a P/E/G ratio of 3.45 and a beta of -0.76. The firm's fifty day moving average price is $19.31 and its two-hundred day moving average price is $19.45.

KE Increases Dividend

The business also recently declared a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.36 per share. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. KE's dividend payout ratio is 58.49%.

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.

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