Mariner LLC Grows Holdings in KE Holdings Inc. (NYSE:BEKE)

Mariner LLC boosted its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,336 shares of the company's stock after buying an additional 11,451 shares during the period. Mariner LLC's holdings in KE were worth $1,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. FIL Ltd boosted its position in 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 buying an additional 4,503,902 shares during the last quarter. Renaissance Technologies LLC boosted its position in KE by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after purchasing an additional 194,800 shares in the last quarter. Norges Bank purchased a new stake in KE in the 4th quarter worth approximately $130,167,000. FMR LLC boosted its position in KE by 39.4% in the 4th 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 in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its position in KE by 9.9% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

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

KE Stock Down 2.0 %

NYSE:BEKE traded down $0.42 on Wednesday, hitting $20.31. The stock had a trading volume of 5,422,230 shares, compared to its average volume of 9,684,463. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 3.45 and a beta of -0.73. The company has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $19.84. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05.

KE Increases Dividend

The company also recently announced a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a $0.36 dividend. This represents a yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. The ex-dividend date was Wednesday, April 9th. KE's payout ratio is presently 64.58%.

About KE

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.