KE Holdings Inc. (NYSE:BEKE) Shares Sold by Man Group plc

Man Group plc cut its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,454,914 shares of the company's stock after selling 135,565 shares during the quarter. Man Group plc owned 0.12% of KE worth $26,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BEKE. Nuveen Asset Management LLC grew its position in shares of KE by 504.2% during the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company's stock worth $103,949,000 after buying an additional 4,709,266 shares during the period. Lazard Asset Management LLC lifted its position in shares of KE by 2.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,000,549 shares of the company's stock valued at $18,430,000 after buying an additional 27,226 shares during the last quarter. Lighthouse Investment Partners LLC increased its position in shares of KE by 289.8% during the 4th quarter. Lighthouse Investment Partners LLC now owns 85,923 shares of the company's stock valued at $1,583,000 after purchasing an additional 63,878 shares during the last quarter. Ethic Inc. raised its stake in shares of KE by 22.6% in the fourth quarter. Ethic Inc. now owns 46,639 shares of the company's stock worth $859,000 after purchasing an additional 8,612 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its holdings in KE by 47.3% during the fourth quarter. Driehaus Capital Management LLC now owns 3,578,894 shares of the company's stock valued at $65,923,000 after purchasing an additional 1,149,131 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BEKE shares. UBS Group upgraded KE from a "neutral" rating to a "buy" rating and increased their price target for the company from $22.10 to $23.00 in a research note on Friday. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Morgan Stanley upped their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Citigroup cut their price target on KE from $25.80 to $24.80 and set a "buy" rating on the stock in a report on Friday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $27.16.

KE Stock Down 0.9%

Shares of KE stock traded down $0.18 during trading on Monday, reaching $19.05. 6,874,882 shares of the stock were exchanged, compared to its average volume of 9,415,923. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth 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 stock's fifty day moving average is $20.32 and its 200 day moving average is $19.72.

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 dividend of $0.36 per share. The ex-dividend date was 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 payout ratio is currently 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.