KE Holdings Inc. (NYSE:BEKE) Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,635 shares of the company's stock after selling 151,763 shares during the period. New York State Common Retirement Fund's holdings in KE were worth $2,944,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 acquiring an additional 24,300 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in KE by 10.4% during 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 buying an additional 130,433 shares during the last quarter. Advisor Partners II LLC purchased a new position in KE during the 3rd quarter valued at approximately $242,000. Matthews International Capital Management LLC raised its holdings in shares of KE by 12.0% during the 3rd quarter. Matthews International Capital Management LLC now owns 7,969,313 shares of the company's stock worth $123,684,000 after acquiring an additional 855,850 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of KE by 25.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 75,000 shares of the company's stock valued at $1,175,000 after purchasing an additional 15,000 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BEKE shares. Citigroup reiterated a "buy" rating and issued a $21.10 price target on shares of KE in a report on Tuesday, March 19th. HSBC cut 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.

KE Stock Down 1.4 %

BEKE stock traded down $0.24 during mid-day trading on Tuesday, hitting $16.76. 6,311,456 shares of the company were exchanged, compared to its average volume of 8,414,802. KE Holdings Inc. has a 12-month low of $12.44 and a 12-month high of $19.95. The firm has a market capitalization of $20.67 billion, a P/E ratio of 24.28, a PEG ratio of 0.47 and a beta of -0.77. The business has a fifty day simple moving average of $13.97 and a 200-day simple moving average of $14.56.

KE (NYSE:BEKE - Get Free Report) last posted 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. KE had a net margin of 7.62% and a return on equity of 9.19%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.66 billion. Research analysts predict that KE Holdings Inc. will post 0.77 EPS for the current year.

KE Announces Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were issued a $0.351 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Thursday, April 4th. 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.