UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 71.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,833,602 shares of the company's stock after selling 4,644,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of KE worth $33,775,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. FIL Ltd raised its holdings in shares of KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after purchasing an additional 4,503,902 shares during the last quarter. Hhlr Advisors LTD. raised its holdings in shares of KE by 3.6% during the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after purchasing an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of KE by 111,822,650.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock valued at $150,228,000 after purchasing an additional 194,800 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of KE during the fourth quarter valued at approximately $130,167,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on BEKE shares. Morgan Stanley upped their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Citigroup reduced their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday, May 16th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and upped their target price for the company from $22.10 to $23.00 in a report on Friday, May 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, KE currently has a consensus rating of "Buy" and an average target price of $27.16.

KE Stock Down 0.6%

BEKE stock traded down $0.11 during trading on Friday, hitting $18.52. The company had a trading volume of 17,638,245 shares, compared to its average volume of 9,256,239. The firm has a market capitalization of $22.38 billion, a P/E ratio of 37.80, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05. The company has a 50 day simple moving average of $19.56 and a 200-day simple moving average of $19.51.

KE Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were issued a $0.36 dividend. This is a boost 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 dividend payout ratio (DPR) is currently 58.49%.

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.