XTX Topco Ltd Decreases Position in KE Holdings Inc. (NYSE:BEKE)

XTX Topco Ltd reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,868 shares of the company's stock after selling 77,912 shares during the quarter. XTX Topco Ltd's holdings in KE were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of KE in the fourth quarter valued at $130,167,000. H Capital V GP L.P. purchased a new stake in shares of KE in the fourth quarter valued at $91,147,000. FIL Ltd lifted its position in shares of KE by 21.1% in the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after acquiring an additional 4,503,902 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of KE by 366,552.0% in the fourth quarter. Federated Hermes Inc. now owns 2,511,566 shares of the company's stock valued at $46,263,000 after acquiring an additional 2,510,881 shares in the last quarter. Finally, WT Asset Management Ltd lifted its position in shares of KE by 1,761.8% in the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock valued at $42,867,000 after acquiring an additional 2,202,198 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on BEKE shares. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and upped their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.26.

KE Stock Performance

NYSE BEKE traded up $0.83 during trading hours on Wednesday, hitting $21.07. 5,130,348 shares of the company's stock were exchanged, compared to its average volume of 10,139,721. The business's 50 day moving average is $20.89 and its 200-day moving average is $19.88. KE Holdings Inc. has a 12-month low of $12.92 and a 12-month high of $26.05. The firm has a market capitalization of $25.46 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be 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 of this dividend is Wednesday, April 9th. KE's payout ratio is currently 64.58%.

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.