Lazard Asset Management LLC Has $18.43 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Lazard Asset Management LLC raised its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,000,549 shares of the company's stock after acquiring an additional 27,226 shares during the period. Lazard Asset Management LLC owned about 0.08% of KE worth $18,430,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BEKE. SBI Securities Co. Ltd. bought a new position in KE during the fourth quarter worth about $30,000. Principal Securities Inc. raised its holdings in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after buying an additional 1,664 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of KE by 42.3% during 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. US Bancorp DE lifted its position in shares of KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after buying an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BEKE. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. UBS Group upgraded shares of KE from a "neutral" rating to a "buy" rating and increased their target price for the stock from $22.10 to $23.00 in a research report on Friday. Citigroup cut their price target on shares of KE from $25.80 to $24.80 and set a "buy" rating for the company in a report on Friday. Finally, Morgan Stanley upped 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. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $27.16.

KE Stock Performance

Shares of NYSE BEKE traded down $0.21 during trading on Monday, reaching $19.03. The company had a trading volume of 2,565,711 shares, compared to its average volume of 9,400,118. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The business's 50 day moving average price is $20.32 and its 200-day moving average price is $19.72. The stock has a market cap of $22.99 billion, a PE ratio of 38.76, a PEG 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. Investors of record on Wednesday, April 9th were given a $0.36 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. KE's payout ratio is 58.49%.

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.