Handelsbanken Fonder AB Grows Position in KE Holdings Inc. (NYSE:BEKE)

Handelsbanken Fonder AB raised its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 64.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,412 shares of the company's stock after purchasing an additional 129,776 shares during the period. Handelsbanken Fonder AB's holdings in KE were worth $5,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in shares of KE by 11.2% during 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. Blue Trust Inc. increased its holdings in shares of KE by 358.2% during 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. Jump Financial LLC bought a new position in shares of KE in the 3rd quarter valued at $164,000. ANTIPODES PARTNERS Ltd boosted its holdings in shares of KE by 26.5% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company's stock valued at $199,000 after acquiring an additional 2,585 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of KE during the 3rd quarter valued at $229,000. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

KE Stock Up 7.4 %

Shares of NYSE BEKE traded up $1.02 during trading on Friday, reaching $14.83. The company had a trading volume of 25,875,046 shares, compared to its average volume of 7,965,589. The stock has a market cap of $18.29 billion, a P/E ratio of 21.49, a PEG ratio of 0.37 and a beta of -0.73. The company's fifty day moving average price is $13.72 and its 200-day moving average price is $14.57. 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 announced its earnings results on Thursday, March 14th. The company reported $0.11 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 business had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.66 billion. As a group, equities analysts predict that KE Holdings Inc. will post 0.77 earnings per share for the current year.

KE Announces Dividend

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

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.