Sylebra Capital LLC Buys 605,257 Shares of KE Holdings Inc. (NYSE:BEKE)

Sylebra Capital LLC grew its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 48.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,852,970 shares of the company's stock after buying an additional 605,257 shares during the period. KE makes up 0.9% of Sylebra Capital LLC's portfolio, making the stock its 18th largest position. Sylebra Capital LLC owned approximately 0.15% of KE worth $34,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FIL Ltd boosted its stake in KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Hhlr Advisors LTD. boosted its stake in KE by 3.6% in the 4th quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock worth $207,433,000 after purchasing an additional 392,588 shares during the period. Canada Pension Plan Investment Board boosted its stake in KE by 111,822,650.0% in the 4th 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. Renaissance Technologies LLC boosted its stake in KE by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after purchasing an additional 194,800 shares during the period. Finally, Norges Bank bought a new stake in KE during the 4th quarter worth about $130,167,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

NYSE BEKE traded up $0.24 during mid-day trading on Wednesday, reaching $18.58. 2,340,448 shares of the stock were exchanged, compared to its average volume of 9,278,992. KE Holdings Inc. has a one year low of $12.92 and a one year high of $26.05. The stock has a 50 day simple moving average of $19.68 and a 200-day simple moving average of $19.55. The stock has a market cap of $22.44 billion, a P/E ratio of 37.89, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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

Analyst Upgrades and Downgrades

BEKE has been the topic of a number of research reports. Morgan Stanley upped their price target on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Citigroup reduced their price target 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. Finally, UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and increased their price objective for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, KE presently has an average rating of "Buy" and a consensus target price of $27.16.

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.