Teacher Retirement System of Texas Has $11.62 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Teacher Retirement System of Texas boosted its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 73.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716,870 shares of the company's stock after acquiring an additional 304,189 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of KE worth $11,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC increased its holdings in KE by 12.9% during the 4th quarter. Jennison Associates LLC now owns 1,573,927 shares of the company's stock valued at $25,513,000 after purchasing an additional 180,150 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of KE by 171.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,384,030 shares of the company's stock valued at $54,855,000 after buying an additional 2,139,397 shares during the last quarter. Nordea Investment Management AB bought a new stake in KE during the 4th quarter worth about $7,957,000. Los Angeles Capital Management LLC increased its position in KE by 49.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 219,612 shares of the company's stock valued at $3,560,000 after acquiring an additional 72,958 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of KE by 13.6% in the third quarter. Lazard Asset Management LLC now owns 790,169 shares of the company's stock worth $12,263,000 after acquiring an additional 94,624 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Trading Up 3.7 %

Shares of NYSE:BEKE traded up $0.64 during trading on Monday, hitting $17.74. 9,642,584 shares of the company's stock were exchanged, compared to its average volume of 8,413,457. The firm has a market cap of $21.87 billion, a P/E ratio of 25.71, a PEG ratio of 0.46 and a beta of -0.77. The firm has a 50-day moving average price of $14.22 and a two-hundred day moving average price of $14.61. KE Holdings Inc. has a 1-year low of $12.44 and a 1-year high of $19.95.

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

KE Dividend Announcement

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

Analysts Set New Price Targets

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

About KE

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.