KE Holdings Inc. (NYSE:BEKE) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC lifted its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 289.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,923 shares of the company's stock after acquiring an additional 63,878 shares during the period. Lighthouse Investment Partners LLC's holdings in KE were worth $1,583,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BEKE. China Universal Asset Management Co. Ltd. boosted its stake in shares of KE by 55.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock worth $3,113,000 after purchasing an additional 60,000 shares during the period. ABS Direct Equity Fund LLC lifted its stake in KE by 284.5% in the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after acquiring an additional 62,300 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of KE in the 4th quarter worth approximately $234,000. Caas Capital Management LP purchased a new stake in KE during the fourth quarter worth $1,689,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of KE during the 4th quarter worth $304,000. 39.34% of the stock is owned by institutional investors.

KE Price Performance

NYSE BEKE traded down $0.21 during trading hours on Monday, reaching $19.02. The company's stock had a trading volume of 2,565,711 shares, compared to its average volume of 9,400,105. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 38.76, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05. The company's 50-day moving average is $20.32 and its two-hundred day moving average is $19.72.

KE Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued 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 payout ratio is presently 58.49%.

Analyst Ratings Changes

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

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.