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

Sylebra Capital LLC lifted its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,852,970 shares of the company's stock after acquiring an additional 605,257 shares during the period. KE accounts for about 0.9% of Sylebra Capital LLC's portfolio, making the stock its 18th biggest holding. Sylebra Capital LLC owned approximately 0.15% of KE worth $34,132,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BEKE. Woodline Partners LP purchased a new stake in shares of KE during the 4th quarter worth approximately $10,867,000. Vident Advisory LLC raised its position in KE by 9.3% during the fourth quarter. Vident Advisory LLC now owns 68,693 shares of the company's stock valued at $1,265,000 after purchasing an additional 5,850 shares during the period. Tiger Pacific Capital LP bought a new stake in shares of KE in the 4th quarter valued at approximately $17,319,000. Triata Capital Ltd bought a new stake in shares of KE in the 4th quarter valued at approximately $30,158,000. Finally, State of Wyoming purchased a new position in shares of KE in the 4th quarter worth approximately $100,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 0.4%

NYSE:BEKE traded down $0.07 during midday trading on Tuesday, hitting $18.37. The stock had a trading volume of 2,588,734 shares, compared to its average volume of 9,306,463. The stock has a 50-day moving average of $19.74 and a 200 day moving average of $19.56. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.92 and a one year high of $26.05.

KE Increases Dividend

The company 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. This is an increase 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 payout ratio is presently 58.49%.

Analyst Ratings Changes

Several research firms recently weighed in on BEKE. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and increased their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. Jefferies Financial Group restated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Morgan Stanley raised their price objective 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, Citigroup cut their target price on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a research note on Friday, May 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.