Legal & General Group Plc Lowers Position in KE Holdings Inc. (NYSE:BEKE)

Legal & General Group Plc decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309,716 shares of the company's stock after selling 2,060,411 shares during the quarter. Legal & General Group Plc owned 0.36% of KE worth $79,385,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of KE in the 4th quarter worth approximately $130,167,000. FMR LLC boosted its holdings in KE by 39.4% in the fourth quarter. FMR LLC now owns 6,025,247 shares of the company's stock worth $110,985,000 after purchasing an additional 1,703,400 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its position in KE by 9.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company's stock worth $94,178,000 after purchasing an additional 462,416 shares during the last quarter. H Capital V GP L.P. bought a new stake in shares of KE during the 4th quarter valued at $91,147,000. Finally, E Fund Management Co. Ltd. raised its stake in KE by 3.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company's stock worth $79,054,000 after acquiring an additional 154,748 shares during the period. Institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

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

KE Price Performance

Shares of KE stock traded up $0.03 during trading hours on Thursday, hitting $19.39. The company had a trading volume of 5,065,214 shares, compared to its average volume of 9,814,621. The company has a market cap of $23.43 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The company's 50-day moving average is $20.92 and its two-hundred day moving average is $20.03. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05.

KE Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. KE's dividend payout ratio is 64.58%.

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.