KE Holdings Inc. (NYSE:BEKE) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 70.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,637,760 shares of the company's stock after selling 3,863,145 shares during the period. Bank of America Corp DE owned about 0.14% of KE worth $30,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in KE during the 4th quarter valued at about $30,000. Principal Securities Inc. grew its holdings in KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares during the last quarter. US Bancorp DE lifted its position in shares of KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after acquiring an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of KE by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after acquiring an additional 762 shares during the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BEKE shares. Citigroup cut their target price on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a research note on Friday, May 16th. Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Morgan Stanley boosted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, UBS Group upgraded KE from a "neutral" rating to a "buy" rating and raised their price objective for the stock 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, the company has a consensus rating of "Buy" and an average target price of $27.16.

KE Price Performance

NYSE:BEKE traded down $0.11 during trading hours on Thursday, reaching $18.26. 908,994 shares of the company were exchanged, compared to its average volume of 9,359,451. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 3.45 and a beta of -0.73. The stock has a 50 day simple moving average of $20.05 and a 200 day simple moving average of $19.68. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05.

KE Increases Dividend

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

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.