Ninety One North America Inc. Decreases Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Ninety One North America Inc. lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,317,128 shares of the company's stock after selling 79,432 shares during the quarter. KE makes up approximately 1.0% of Ninety One North America Inc.'s portfolio, making the stock its 27th largest holding. Ninety One North America Inc. owned about 0.11% of KE worth $21,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. boosted its position in KE by 64.6% during the third quarter. Ronald Blue Trust Inc. now owns 2,160 shares of the company's stock worth $32,000 after purchasing an additional 848 shares during the period. 1832 Asset Management L.P. bought a new position in KE during the fourth quarter worth about $94,000. PNC Financial Services Group Inc. boosted its position in KE by 17.1% during the second quarter. PNC Financial Services Group Inc. now owns 7,656 shares of the company's stock worth $114,000 after purchasing an additional 1,116 shares during the period. Signaturefd LLC boosted its position in KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company's stock worth $151,000 after purchasing an additional 985 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of KE by 358.2% in the fourth quarter. Blue Trust Inc. now owns 9,897 shares of the company's stock worth $154,000 after buying an additional 7,737 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BEKE. HSBC lowered their price target on shares of KE from $23.90 to $21.80 and set a "buy" rating on the stock in a report on Friday, March 15th. Citigroup reissued a "buy" rating and issued a $21.10 price target on shares of KE in a report on Tuesday, March 19th.

KE Stock Performance

BEKE traded down $0.13 on Thursday, reaching $12.75. The company had a trading volume of 9,604,224 shares, compared to its average volume of 7,692,874. The business has a 50 day simple moving average of $13.75 and a 200 day simple moving average of $14.66. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 0.35 and a beta of -0.73. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $19.95.

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

KE Dividend Announcement

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

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.