Hsbc Holdings PLC Has $63.37 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Hsbc Holdings PLC increased its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,440,438 shares of the company's stock after acquiring an additional 122,312 shares during the period. Hsbc Holdings PLC owned 0.28% of KE worth $63,374,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. grew its holdings in KE by 8.8% in the 4th 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 during the last quarter. Rakuten Securities Inc. increased its position in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after buying an additional 1,416 shares during the period. SBI Securities Co. Ltd. bought a new position in KE in the 4th quarter worth approximately $30,000. Finally, Principal Securities Inc. lifted 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 worth $38,000 after buying an additional 1,664 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Price Performance

Shares of KE stock traded down $0.35 during trading on Wednesday, hitting $20.38. 1,395,447 shares of the company's stock traded hands, compared to its average volume of 9,675,317. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05. The company has a market cap of $24.62 billion, a PE ratio of 41.58, a PEG ratio of 3.45 and a beta of -0.73. The firm's fifty day moving average price is $21.01 and its 200 day moving average price is $19.84.

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 paid 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 64.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BEKE shares. Morgan Stanley raised their price objective 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. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and raised their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, KE presently has a consensus rating of "Moderate Buy" and an average target price of $27.26.

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.