Triata Capital Ltd Buys Shares of 1,637,257 KE Holdings Inc. (NYSE:BEKE)

Triata Capital Ltd purchased a new stake in KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,637,257 shares of the company's stock, valued at approximately $30,158,000. KE comprises 12.5% of Triata Capital Ltd's portfolio, making the stock its 4th largest holding. Triata Capital Ltd owned 0.14% of KE at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of KE during the 4th quarter valued at $30,000. Principal Securities Inc. increased its holdings in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. lifted its stake in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after buying an additional 1,416 shares during the period. State of Wyoming bought a new position in KE during the 4th quarter worth approximately $100,000. Finally, Raiffeisen Bank International AG bought a new position in shares of KE during the fourth quarter worth $151,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Citigroup dropped their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday, May 16th. Finally, UBS Group raised 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat, KE has a consensus rating of "Buy" and a consensus price target of $27.16.

KE Stock Performance

NYSE:BEKE traded up $0.08 during mid-day trading on Friday, reaching $18.40. 1,816,904 shares of the company's stock were exchanged, compared to its average volume of 9,354,748. The business's fifty day simple moving average is $19.92 and its two-hundred day simple moving average is $19.65. KE Holdings Inc. has a one year low of $12.92 and a one year high of $26.05. The firm has a market capitalization of $22.23 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business also recently announced a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.36 per share. This is a positive change from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. KE's dividend payout ratio is 58.49%.

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.