Myriad Asset Management US LP Makes New $2.17 Million Investment in KE Holdings Inc. (NYSE:BEKE)

Myriad Asset Management US LP acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 107,926 shares of the company's stock, valued at approximately $2,168,000. KE comprises approximately 0.9% of Myriad Asset Management US LP's portfolio, making the stock its 19th largest holding.

Other large investors have also made changes to their positions in the company. Caas Capital Management LP acquired a new stake in shares of KE during the fourth quarter worth $1,689,000. Vontobel Holding Ltd. boosted its stake in KE by 3,315.0% in the 4th quarter. Vontobel Holding Ltd. now owns 944,667 shares of the company's stock worth $17,401,000 after buying an additional 917,005 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in KE in the 4th quarter worth about $708,000. abrdn plc boosted its stake in KE by 4.7% in the 4th quarter. abrdn plc now owns 619,359 shares of the company's stock worth $11,486,000 after buying an additional 27,524 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in KE by 10.8% in the 4th quarter. Rhumbline Advisers now owns 95,376 shares of the company's stock worth $1,757,000 after buying an additional 9,330 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Performance

Shares of NYSE:BEKE traded up $0.02 during midday trading on Friday, hitting $18.80. 8,993,807 shares of the company's stock traded hands, compared to its average volume of 9,276,973. The company has a market cap of $22.72 billion, a PE ratio of 38.37, a P/E/G ratio of 3.45 and a beta of -0.73. The firm's fifty day moving average price is $19.35 and its two-hundred day moving average price is $19.46. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05.

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 given a dividend of $0.36 per share. The ex-dividend date was Wednesday, April 9th. This is a positive change from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's payout ratio is 58.49%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup decreased their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research report on Friday, May 16th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Morgan Stanley lifted their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, KE currently has a consensus 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.