Brevan Howard Capital Management LP Cuts Stake in KE Holdings Inc. (NYSE:BEKE)

Brevan Howard Capital Management LP cut its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 93.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,584 shares of the company's stock after selling 1,471,133 shares during the quarter. Brevan Howard Capital Management LP's holdings in KE were worth $1,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BEKE. FIL Ltd grew its holdings in KE by 21.1% during the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after acquiring an additional 4,503,902 shares during the last quarter. Hhlr Advisors LTD. boosted its holdings in KE by 3.6% in the fourth quarter. Hhlr Advisors LTD. now owns 11,261,276 shares of the company's stock valued at $207,433,000 after acquiring an additional 392,588 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Renaissance Technologies LLC raised its stake in KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after buying an additional 194,800 shares during the last quarter. Finally, Norges Bank bought a new position in shares of KE in the 4th quarter worth about $130,167,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

BEKE traded up $0.66 during trading on Monday, hitting $19.96. 2,624,383 shares of the stock traded hands, compared to its average volume of 9,477,492. The firm has a market capitalization of $24.12 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The firm has a 50-day moving average of $20.73 and a 200 day moving average of $19.79. KE Holdings Inc. has a 12-month low of $12.92 and a 12-month high of $26.05.

KE Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. This represents a yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. KE's dividend payout ratio is presently 64.58%.

Wall Street Analyst Weigh In

BEKE has been the topic of several recent analyst reports. UBS Group cut KE from a "buy" rating to a "neutral" rating and raised their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.26.

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.