KE Holdings Inc. (NYSE:BEKE) Shares Purchased by M&G Investment Management Ltd.

M&G Investment Management Ltd. increased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,926,434 shares of the company's stock after acquiring an additional 1,065,949 shares during the period. M&G Investment Management Ltd. owned about 0.64% of KE worth $126,823,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BEKE. Headlands Technologies LLC bought a new position in KE during the fourth quarter valued at $76,000. Signaturefd LLC grew its holdings in 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 purchasing an additional 985 shares during the period. Blue Trust Inc. grew its holdings in KE by 358.2% during the fourth 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 during the period. Jump Financial LLC bought a new position in KE during the third quarter valued at $164,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of KE during the fourth quarter worth $194,000. 39.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BEKE shares. Citigroup restated a "buy" rating and set a $21.10 target price on shares of KE in a research report on Tuesday, March 19th. HSBC lowered their price objective on KE from $23.90 to $21.80 and set a "buy" rating on the stock in a research report on Friday, March 15th.

KE Trading Up 1.7 %

Shares of NYSE:BEKE traded up $0.31 on Wednesday, reaching $18.15. 7,895,106 shares of the company traded hands, compared to its average volume of 8,386,079. The business's 50-day simple moving average is $14.54 and its 200 day simple moving average is $14.67. KE Holdings Inc. has a 52 week low of $12.44 and a 52 week high of $19.95. The stock has a market capitalization of $22.38 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 0.48 and a beta of -0.77.

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

KE Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th were issued a $0.351 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 2.2%. KE's dividend payout ratio (DPR) is presently 44.93%.

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.