Sylebra Capital LLC Decreases Stock Position in KE Holdings Inc. (NYSE:BEKE)

Sylebra Capital LLC reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,128,557 shares of the company's stock after selling 119,156 shares during the period. KE accounts for 0.8% of Sylebra Capital LLC's portfolio, making the stock its 20th biggest holding. Sylebra Capital LLC owned 0.09% of KE worth $20,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its stake in shares of 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 acquiring an additional 11,182,265 shares during the period. Norges Bank purchased a new stake in KE during the 4th quarter valued at approximately $130,167,000. Aspex Management HK Ltd bought a new stake in shares of KE during the fourth quarter valued at approximately $119,996,000. H Capital V GP L.P. purchased a new position in shares of KE in the fourth quarter worth $91,147,000. Finally, Nuveen Asset Management LLC boosted its position in shares of KE by 504.2% during the fourth quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after acquiring an additional 4,709,266 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Stock Performance

Shares of NYSE:BEKE traded down $0.11 on Friday, reaching $18.52. The company's stock had a trading volume of 17,638,245 shares, compared to its average volume of 9,294,922. The company has a 50-day simple moving average of $19.60 and a 200 day simple moving average of $19.52. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05. The company has a market cap of $22.38 billion, a P/E ratio of 37.80, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 25th. Shareholders 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 yield of 1.4%. The ex-dividend date was Wednesday, April 9th. KE's payout ratio is presently 58.49%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BEKE shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Citigroup cut 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. Morgan Stanley boosted their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, UBS Group upgraded KE from a "neutral" rating to a "buy" rating and raised their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $27.16.

About KE

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.