KE Holdings Inc. (NYSE:BEKE) Shares Bought by Polar Capital Holdings Plc

Polar Capital Holdings Plc boosted its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,313,217 shares of the company's stock after purchasing an additional 567,492 shares during the period. Polar Capital Holdings Plc owned about 0.19% of KE worth $42,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BEKE. Quantinno Capital Management LP lifted its position in KE by 23.4% during the fourth quarter. Quantinno Capital Management LP now owns 26,865 shares of the company's stock valued at $495,000 after purchasing an additional 5,091 shares during the last quarter. Nuveen Asset Management LLC increased its stake in KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after buying an additional 4,709,266 shares during the period. Lazard Asset Management LLC grew its stake in KE by 2.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,000,549 shares of the company's stock worth $18,430,000 after purchasing an additional 27,226 shares in the last quarter. Lighthouse Investment Partners LLC grew its stake in KE by 289.8% in the fourth quarter. Lighthouse Investment Partners LLC now owns 85,923 shares of the company's stock worth $1,583,000 after purchasing an additional 63,878 shares in the last quarter. Finally, Ethic Inc. grew its stake in KE by 22.6% in the fourth quarter. Ethic Inc. now owns 46,639 shares of the company's stock worth $859,000 after purchasing an additional 8,612 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 2.5%

KE stock traded down $0.47 during midday trading on Tuesday, reaching $18.58. The company's stock had a trading volume of 3,078,237 shares, compared to its average volume of 9,391,103. The company has a market cap of $22.45 billion, a P/E ratio of 37.93, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05. The business has a 50-day simple moving average of $20.25 and a 200-day simple moving average of $19.69.

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 dividend of $0.36 per share. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. KE's payout ratio is presently 58.49%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BEKE shares. Morgan Stanley increased their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. UBS Group raised KE from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $22.10 to $23.00 in a research report on Friday. Citigroup decreased their price objective on KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target 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.