Natixis Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Natixis purchased a new stake in KE Holdings Inc. (NYSE:BEKE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,564 shares of the company's stock, valued at approximately $1,023,000.

A number of other hedge funds also recently made changes to their positions in BEKE. Virtu Financial LLC acquired a new position in shares of KE in the 3rd quarter valued at about $1,033,000. Tidal Investments LLC increased its holdings in KE by 34.0% in the third quarter. Tidal Investments LLC now owns 23,735 shares of the company's stock worth $473,000 after purchasing an additional 6,017 shares in the last quarter. Franklin Resources Inc. lifted its stake in KE by 191.4% in the third quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock valued at $11,750,000 after buying an additional 387,598 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of KE during the 3rd quarter worth approximately $28,956,000. Finally, Headwater Capital Co Ltd acquired a new stake in shares of KE during the 4th quarter worth approximately $11,052,000. 39.34% of the stock is currently owned by institutional investors.

KE Stock Down 1.4 %

BEKE traded down $0.31 during trading on Tuesday, hitting $20.82. 1,422,978 shares of the company's stock were exchanged, compared to its average volume of 9,748,800. The stock has a market cap of $25.15 billion, a P/E ratio of 42.44, a PEG ratio of 3.45 and a beta of -0.73. The business's 50 day moving average is $20.99 and its two-hundred day moving average is $19.83. KE Holdings Inc. has a fifty-two week low of $12.92 and a fifty-two week high of $26.05.

KE Increases Dividend

The firm also recently declared a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were given a $0.36 dividend. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is presently 64.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BEKE shares. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and upped their price objective for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Morgan Stanley raised their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.26.

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.