Jennison Associates LLC Has $25.51 Million Position in KE Holdings Inc. (NYSE:BEKE)

Jennison Associates LLC increased its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,927 shares of the company's stock after purchasing an additional 180,150 shares during the quarter. Jennison Associates LLC owned 0.13% of KE worth $25,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ronald Blue Trust Inc. raised its position in shares of 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. Signaturefd LLC increased its holdings in shares of KE by 11.2% during the third quarter. Signaturefd LLC now owns 9,747 shares of the company's stock valued at $151,000 after acquiring an additional 985 shares in the last quarter. Blue Trust Inc. increased its stake in KE by 358.2% during 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 in the last quarter. Jump Financial LLC purchased a new position in shares of KE in the third quarter worth $164,000. Finally, ANTIPODES PARTNERS Ltd lifted its stake in shares of KE by 26.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company's stock worth $199,000 after buying an additional 2,585 shares during the period. 39.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

KE Price Performance

KE stock traded up $0.08 during midday trading on Thursday, reaching $13.81. The company had a trading volume of 8,137,449 shares, compared to its average volume of 7,736,263. The firm's fifty day simple moving average is $13.71 and its 200-day simple moving average is $14.58. The company has a market capitalization of $17.03 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.37 and a beta of -0.73. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $19.95.

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

KE Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were paid a $0.351 dividend. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 2.2%. KE's dividend payout ratio (DPR) is 43.48%.

KE Company 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.