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

Nuveen Asset Management LLC boosted its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 504.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,643,271 shares of the company's stock after buying an additional 4,709,266 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.47% of KE worth $103,949,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board lifted its holdings in KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after buying an additional 11,182,265 shares during the period. Norges Bank acquired a new position in shares of KE in the 4th quarter valued at about $130,167,000. Aspex Management HK Ltd acquired a new position in shares of KE in the 4th quarter valued at about $119,996,000. H Capital V GP L.P. bought a new stake in shares of KE during the 4th quarter valued at about $91,147,000. Finally, FIL Ltd grew its stake in 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 purchasing an additional 4,503,902 shares during the period. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

BEKE has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. UBS Group raised shares of KE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $22.10 to $23.00 in a research note on Friday, May 16th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Citigroup decreased their target price on KE from $25.80 to $24.80 and set a "buy" rating for the company in a research report on Friday, May 16th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $27.16.

KE Stock Up 0.4%

BEKE stock traded up $0.07 during midday trading on Thursday, reaching $18.43. 1,531,752 shares of the company's stock traded hands, compared to its average volume of 9,362,058. The firm's fifty day moving average price is $20.05 and its 200-day moving average price is $19.68. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The company has a market cap of $22.26 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently declared a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were given a $0.36 dividend. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date was Wednesday, April 9th. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is presently 58.49%.

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.