Oasis Management Co Ltd. Has $4.39 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Oasis Management Co Ltd. lowered its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,040 shares of the company's stock after selling 264,130 shares during the period. KE comprises 1.0% of Oasis Management Co Ltd.'s holdings, making the stock its 20th largest position. Oasis Management Co Ltd.'s holdings in KE were worth $4,385,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BEKE. QRG Capital Management Inc. lifted its stake in KE by 5.1% in the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after purchasing an additional 703 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after acquiring an additional 762 shares during the last quarter. Rakuten Securities Inc. raised its stake in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares during the period. SBI Securities Co. Ltd. acquired a new stake in KE during the 4th quarter valued at $30,000. Finally, Principal Securities Inc. boosted its position in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Up 2.9%

Shares of BEKE opened at $19.86 on Tuesday. KE Holdings Inc. has a 12 month low of $12.92 and a 12 month high of $26.05. The firm's 50 day moving average is $20.63 and its 200-day moving average is $19.78. The stock has a market capitalization of $23.99 billion, a PE ratio of 40.52, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a $0.36 dividend. The ex-dividend date was Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's payout ratio is currently 64.58%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BEKE shares. Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. UBS Group cut KE from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.26.

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.

Want to see what other hedge funds are holding BEKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KE Holdings Inc. (NYSE:BEKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.