Russell Investments Group Ltd. Has $7.96 Million Position in KE Holdings Inc. (NYSE:BEKE)

Russell Investments Group Ltd. decreased its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 432,055 shares of the company's stock after selling 397,964 shares during the period. Russell Investments Group Ltd.'s holdings in KE were worth $7,959,000 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. Quantinno Capital Management LP lifted its position in KE by 32.3% in the third quarter. Quantinno Capital Management LP now owns 21,774 shares of the company's stock worth $434,000 after purchasing an additional 5,317 shares during the period. Public Employees Retirement System of Ohio acquired a new position in KE during the third quarter worth about $4,611,000. M&T Bank Corp raised its position in KE by 14.2% in the third quarter. M&T Bank Corp now owns 46,964 shares of the company's stock worth $935,000 after acquiring an additional 5,838 shares in the last quarter. Geode Capital Management LLC lifted its holdings in KE by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company's stock valued at $74,323,000 after acquiring an additional 44,797 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of KE during the 3rd quarter valued at about $1,033,000. 39.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

KE Price Performance

NYSE BEKE traded down $0.29 on Friday, hitting $19.08. 11,289,207 shares of the stock were exchanged, compared to its average volume of 9,862,025. The company's 50-day moving average price is $20.93 and its two-hundred day moving average price is $20.02. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05.

KE Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is presently 64.58%.

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.