Nuveen Asset Management LLC Increases Stake in KE Holdings Inc. (NYSE:BEKE)

Nuveen Asset Management LLC raised its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 504.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,643,271 shares of the company's stock after buying an additional 4,709,266 shares during the period. Nuveen Asset Management LLC owned about 0.47% of KE worth $103,949,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of KE during the 4th quarter valued at about $30,000. Principal Securities Inc. increased its holdings in KE by 411.9% in the fourth 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 in the last quarter. Rakuten Securities Inc. increased its holdings in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after buying an additional 1,416 shares in the last quarter. US Bancorp DE increased its holdings in 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 buying an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after buying an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BEKE shares. Citigroup cut their price objective on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday. UBS Group raised KE from a "neutral" rating to a "buy" rating and increased their price objective for the company from $22.10 to $23.00 in a research note on Friday. Morgan Stanley lifted their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $27.16.

KE Stock Down 2.3%

NYSE:BEKE traded down $0.43 on Tuesday, reaching $18.62. The company's stock had a trading volume of 7,457,137 shares, compared to its average volume of 9,408,121. 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 $20.25 and a 200 day moving average price of $19.69. The firm has a market cap of $22.50 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were issued a $0.36 dividend. This is a positive change from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date was Wednesday, April 9th. KE's dividend payout ratio is currently 58.49%.

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.