Hhlr Advisors LTD. Has $207.43 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Hhlr Advisors LTD. increased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,261,276 shares of the company's stock after purchasing an additional 392,588 shares during the quarter. KE accounts for 7.2% of Hhlr Advisors LTD.'s holdings, making the stock its 5th biggest position. Hhlr Advisors LTD. owned about 0.93% of KE worth $207,433,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BEKE. SBI Securities Co. Ltd. acquired a new stake in shares of KE during the fourth quarter valued at approximately $30,000. Principal Securities Inc. raised its holdings in shares of KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. grew its position in KE by 42.3% during the fourth 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 in the last quarter. US Bancorp DE grew its position in KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after purchasing an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in 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 purchasing an additional 762 shares in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Up 1.1 %

BEKE stock traded up $0.23 during trading hours on Thursday, hitting $20.53. The company's stock had a trading volume of 2,972,557 shares, compared to its average volume of 9,674,198. The company has a market capitalization of $24.80 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05. The stock has a 50 day moving average price of $21.00 and a two-hundred day moving average price of $19.83.

KE Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BEKE. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.26.

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.