Public Employees Retirement System of Ohio Sells 43,243 Shares of KE Holdings Inc. (NYSE:BEKE)

Public Employees Retirement System of Ohio trimmed its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,366 shares of the company's stock after selling 43,243 shares during the period. Public Employees Retirement System of Ohio's holdings in KE were worth $3,470,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BEKE. SBI Securities Co. Ltd. bought a new stake in KE during the 4th quarter worth approximately $30,000. Principal Securities Inc. increased its stake in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its stake in 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 purchasing an additional 1,416 shares in the last quarter. State of Wyoming bought a new stake in KE during the 4th quarter worth approximately $100,000. Finally, Raiffeisen Bank International AG bought a new stake in KE during the 4th quarter worth approximately $151,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

Shares of BEKE traded up $0.54 during mid-day trading on Wednesday, hitting $18.90. 2,939,910 shares of the company's stock were exchanged, compared to its average volume of 9,221,005. The company has a market cap of $22.84 billion, a PE ratio of 38.56, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The company has a 50-day simple moving average of $19.45 and a 200 day simple moving average of $19.49.

KE Increases Dividend

The firm 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 was Wednesday, April 9th. KE's dividend payout ratio (DPR) is currently 58.49%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BEKE. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Citigroup lowered their target price on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday, May 16th. Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, 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 note on Friday, May 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.