KE Holdings Inc. (NYSE:BEKE) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,833 shares of the company's stock after selling 41,424 shares during the period. Handelsbanken Fonder AB's holdings in KE were worth $7,149,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its holdings in KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the period. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at about $130,167,000. Aspex Management HK Ltd acquired a new position in shares of KE in the 4th quarter valued at about $119,996,000. H Capital V GP L.P. acquired a new position in shares of KE in the 4th quarter valued at about $91,147,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock valued at $103,949,000 after buying an additional 4,709,266 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KE Price Performance

Shares of NYSE BEKE traded up $0.72 during midday trading on Monday, hitting $19.19. 18,841,576 shares of the company's stock were exchanged, compared to its average volume of 9,542,601. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05. The stock's 50 day moving average price is $19.35 and its 200-day moving average price is $19.46. The firm has a market cap of $23.19 billion, a P/E ratio of 39.17, a PEG ratio of 3.45 and a beta of -0.76.

KE Increases Dividend

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