Tiger Pacific Capital LP Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Tiger Pacific Capital LP bought a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 940,227 shares of the company's stock, valued at approximately $17,319,000. KE makes up approximately 4.6% of Tiger Pacific Capital LP's portfolio, making the stock its 6th biggest position. Tiger Pacific Capital LP owned 0.08% of KE as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its position in shares of KE by 55.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock valued at $3,113,000 after buying an additional 60,000 shares during the last quarter. ABS Direct Equity Fund LLC grew its stake in KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock valued at $1,551,000 after acquiring an additional 62,300 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in KE in the 4th quarter valued at about $234,000. Park Avenue Securities LLC purchased a new position in KE in the 4th quarter worth approximately $304,000. Finally, Caas Capital Management LP acquired a new position in shares of KE during the 4th quarter worth approximately $1,689,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Price Performance

Shares of NYSE:BEKE traded up $0.08 during mid-day trading on Friday, reaching $18.40. 1,816,904 shares of the company were exchanged, compared to its average volume of 9,354,822. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 37.54, a P/E/G ratio of 3.45 and a beta of -0.73. The firm's 50-day simple moving average is $19.92 and its 200 day simple moving average is $19.65. KE Holdings Inc. has a 1 year low of $12.92 and a 1 year high of $26.05.

KE Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were paid a $0.36 dividend. The ex-dividend date was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. KE's payout ratio is presently 58.49%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BEKE. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. 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. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.10 to $23.00 in a research report on Friday, May 16th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target 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.