Ninety One UK Ltd Reduces Stake in KE Holdings Inc. (NYSE:BEKE)

Ninety One UK Ltd trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,888,028 shares of the company's stock after selling 145,740 shares during the quarter. Ninety One UK Ltd owned 0.23% of KE worth $46,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BEKE. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of KE by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,053 shares of the company's stock valued at $2,981,000 after acquiring an additional 121,032 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of KE by 16.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,299 shares of the company's stock valued at $152,000 after acquiring an additional 1,779 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of KE by 267.7% in the first quarter. American Century Companies Inc. now owns 75,169 shares of the company's stock valued at $930,000 after acquiring an additional 54,725 shares in the last quarter. Citigroup Inc. raised its holdings in shares of KE by 14.4% in the first quarter. Citigroup Inc. now owns 191,022 shares of the company's stock valued at $2,363,000 after acquiring an additional 24,096 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of KE by 20.2% in the first quarter. BlackRock Inc. now owns 19,606,566 shares of the company's stock valued at $242,534,000 after acquiring an additional 3,289,479 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup restated a "buy" rating and issued a $21.10 price objective on shares of KE in a report on Tuesday, March 19th. HSBC cut their target price on KE from $23.90 to $21.80 and set a "buy" rating on the stock in a research note on Friday, March 15th.

KE Stock Performance

BEKE traded down $0.17 on Friday, hitting $12.58. The company had a trading volume of 7,762,595 shares, compared to its average volume of 7,693,791. The stock has a fifty day moving average price of $13.72 and a 200-day moving average price of $14.63. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $19.95. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 0.35 and a beta of -0.73.

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

KE Dividend Announcement

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