Russell Investments Group Ltd. Lowers Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Russell Investments Group Ltd. lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,175,409 shares of the company's stock after selling 84,724 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of KE worth $19,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KE by 15.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 179,649 shares of the company's stock valued at $2,788,000 after purchasing an additional 24,300 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of KE by 10.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,383,975 shares of the company's stock valued at $21,479,000 after acquiring an additional 130,433 shares during the period. Advisor Partners II LLC bought a new position in shares of KE during the third quarter valued at approximately $242,000. Matthews International Capital Management LLC raised its holdings in shares of KE by 12.0% in the third quarter. Matthews International Capital Management LLC now owns 7,969,313 shares of the company's stock worth $123,684,000 after buying an additional 855,850 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of KE by 25.0% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 75,000 shares of the company's stock worth $1,175,000 after acquiring an additional 15,000 shares during the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Price Performance

Shares of BEKE stock traded up $0.62 during mid-day trading on Friday, hitting $17.47. 18,598,742 shares of the stock traded hands, compared to its average volume of 8,449,562. The stock's fifty day moving average is $13.84 and its two-hundred day moving average is $14.55. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $19.95. The stock has a market cap of $21.54 billion, a P/E ratio of 24.41, a P/E/G ratio of 0.40 and a beta of -0.77.

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 the consensus estimate of $0.08 by $0.03. The company had revenue of $2.85 billion during 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 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 was paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th were paid a $0.351 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 4th. KE's dividend payout ratio (DPR) is presently 44.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. HSBC decreased 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 reaffirmed a "buy" rating and issued a $21.10 price target on shares of KE in a research report 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.