KE Holdings Inc. (NYSE:BEKE) Position Trimmed by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 70.2% in 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 0.14% of KE worth $30,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. FIL Ltd grew its position in shares of KE by 21.1% during the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after acquiring an additional 4,503,902 shares during the last quarter. Hhlr Advisors LTD. grew its position 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 worth $207,433,000 after acquiring an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board grew its position 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 worth $205,978,000 after acquiring an additional 11,182,265 shares during the last quarter. Renaissance Technologies LLC grew its position 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 worth $150,228,000 after acquiring an additional 194,800 shares during the last quarter. Finally, Norges Bank bought a new position in shares of KE during the fourth quarter worth about $130,167,000. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup lowered their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday. Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the company from $22.10 to $23.00 in a research report on Friday. Finally, Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $27.16.

KE Stock Up 0.4%

Shares of BEKE opened at $19.24 on Friday. The firm has a 50-day moving average price of $20.32 and a 200 day moving average price of $19.75. The firm has a market capitalization of $23.25 billion, a PE ratio of 39.27, a P/E/G 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.

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 given a $0.36 dividend. This represents a yield of 1.4%. The ex-dividend date was Wednesday, April 9th. This is a positive change from KE's previous -- dividend of $0.17. KE's dividend payout ratio is currently 64.58%.

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.

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