589,932 Shares in KE Holdings Inc. (NYSE:BEKE) Purchased by Woodline Partners LP

Woodline Partners LP purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 589,932 shares of the company's stock, valued at approximately $10,867,000.

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

KE Price Performance

Shares of NYSE BEKE traded up $0.18 during mid-day trading on Wednesday, hitting $18.52. The company had a trading volume of 2,031,320 shares, compared to its average volume of 9,277,872. The business's 50-day simple moving average is $19.68 and its 200-day simple moving average is $19.55. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05. The firm has a market cap of $22.37 billion, a P/E ratio of 37.81, a PEG 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. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. KE's dividend payout ratio (DPR) is presently 58.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target 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. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and upped their price target for the company from $22.10 to $23.00 in a report on Friday, May 16th. 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 report on Wednesday, March 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently 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.