KE Holdings Inc. (NYSE:BEKE) Shares Purchased by Hhlr Advisors LTD.

Hhlr Advisors LTD. raised its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,261,276 shares of the company's stock after acquiring an additional 392,588 shares during the period. KE makes up 7.2% of Hhlr Advisors LTD.'s portfolio, making the stock its 5th largest holding. Hhlr Advisors LTD. owned approximately 0.93% of KE worth $207,433,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BEKE. Morgan Stanley raised their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group downgraded KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.26.

KE Trading Up 1.2 %

Shares of BEKE traded up $0.25 during midday trading on Friday, hitting $20.78. 3,285,041 shares of the company's stock traded hands, compared to its average volume of 9,560,115. KE Holdings Inc. has a 1 year low of $12.92 and a 1 year high of $26.05. The stock has a market capitalization of $25.11 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The firm's fifty day moving average is $20.99 and its 200-day moving average is $19.82.

KE Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's dividend payout ratio is currently 64.58%.

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.