SIH Partners LLLP Reduces Holdings in KE Holdings Inc. (NYSE:BEKE)

SIH Partners LLLP reduced its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 38.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,380 shares of the company's stock after selling 61,200 shares during the quarter. SIH Partners LLLP's holdings in KE were worth $1,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of KE during the 3rd quarter worth approximately $1,033,000. Tidal Investments LLC raised its position in shares of KE by 34.0% during the 3rd quarter. Tidal Investments LLC now owns 23,735 shares of the company's stock worth $473,000 after purchasing an additional 6,017 shares during the last quarter. Franklin Resources Inc. raised its position in shares of KE by 191.4% during the 3rd quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock worth $11,750,000 after purchasing an additional 387,598 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of KE during the 3rd quarter worth about $28,956,000. Finally, Headwater Capital Co Ltd acquired a new position in shares of KE during the 4th quarter worth about $11,052,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

NYSE BEKE traded down $0.67 during trading hours on Friday, hitting $21.41. 6,268,439 shares of the company's stock traded hands, compared to its average volume of 9,798,663. The firm's 50-day moving average is $20.97 and its 200-day moving average is $19.84. KE Holdings Inc. has a 52-week low of $12.92 and a 52-week high of $26.05. The company has a market capitalization of $25.87 billion, a PE ratio of 43.69, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BEKE shares. Morgan Stanley upped their price target 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. UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and upped their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.26.

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.