Price T Rowe Associates Inc. MD trimmed its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,479,183 shares of the company's stock after selling 3,795,488 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.35% of KE worth $745,629,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TT International Asset Management LTD acquired a new stake in shares of KE in the 4th quarter worth about $717,000. Headwater Capital Co Ltd acquired a new stake in shares of KE in the 4th quarter worth about $11,052,000. ABS Direct Equity Fund LLC raised its holdings in shares of KE by 284.5% in the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after acquiring an additional 62,300 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of KE by 55.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock worth $3,113,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of KE in the 3rd quarter worth about $1,033,000. 39.34% of the stock is owned by institutional investors.
KE Stock Down 1.3 %
BEKE stock traded down $0.28 during trading on Tuesday, reaching $20.85. The stock had a trading volume of 1,760,608 shares, compared to its average volume of 9,750,007. KE Holdings Inc. has a one year low of $12.92 and a one year high of $26.05. The company's 50 day moving average is $20.99 and its two-hundred day moving average is $19.83. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 3.45 and a beta of -0.73.
KE Increases Dividend
The business also recently declared a -- dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, April 9th. This represents a dividend yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. KE's dividend payout ratio (DPR) is presently 64.58%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on BEKE. Jefferies Financial Group restated a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and upped their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.
View Our Latest Stock Report on KE
KE Profile
(
Free Report)
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.
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