Mirae Asset Global Investments Co. Ltd. Has $20.60 Million Position in KE Holdings Inc. (NYSE:BEKE)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,270,942 shares of the company's stock after selling 113,033 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of KE worth $20,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its stake in KE by 64.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company's stock valued at $32,000 after buying an additional 848 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of KE in the 4th quarter valued at approximately $94,000. PNC Financial Services Group Inc. lifted its stake in shares of KE by 17.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,656 shares of the company's stock valued at $114,000 after purchasing an additional 1,116 shares during the last quarter. Signaturefd LLC lifted its stake in shares of KE by 11.2% in the 3rd quarter. Signaturefd LLC now owns 9,747 shares of the company's stock valued at $151,000 after purchasing an additional 985 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of KE by 358.2% in the 4th quarter. Blue Trust Inc. now owns 9,897 shares of the company's stock valued at $154,000 after purchasing an additional 7,737 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Trading Up 0.8 %

Shares of NYSE BEKE traded up $0.12 during midday trading on Wednesday, hitting $14.55. The company's stock had a trading volume of 6,126,168 shares, compared to its average volume of 7,719,995. The business's 50 day moving average is $13.79 and its two-hundred day moving average is $14.74. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $19.95. The firm has a market cap of $17.94 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 0.39 and a beta of -0.73.

KE (NYSE:BEKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.66 billion. KE had a return on equity of 9.19% and a net margin of 7.62%. On average, analysts predict that KE Holdings Inc. will post 0.77 earnings per share for the current fiscal year.

KE Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.351 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.2%. KE's payout ratio is currently 44.93%.

Analyst Ratings Changes

BEKE has been the subject of several analyst reports. HSBC lowered their price objective on KE from $23.90 to $21.80 and set a "buy" rating for the company in a research note on Friday, March 15th. Citigroup reaffirmed a "buy" rating and issued a $21.10 price objective on shares of KE in a research note on Tuesday, March 19th.

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.