Tower Research Capital LLC TRC Sells 45,104 Shares of KE Holdings Inc. (NYSE:BEKE)

Tower Research Capital LLC TRC lowered its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 78.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,305 shares of the company's stock after selling 45,104 shares during the period. Tower Research Capital LLC TRC's holdings in KE were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of KE in the 4th quarter valued at $30,000. Principal Securities Inc. boosted its position in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares in the last quarter. Rakuten Securities Inc. grew its stake in KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after buying an additional 1,416 shares during the last quarter. US Bancorp DE increased its holdings in shares of KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after buying an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after acquiring an additional 762 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BEKE shares. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and upped their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Finally, Morgan Stanley boosted 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 research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.26.

KE Trading Down 0.2 %

Shares of NYSE:BEKE traded down $0.04 during trading on Friday, hitting $19.28. 3,062,535 shares of the company's stock were exchanged, compared to its average volume of 9,492,827. The firm has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $19.80. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05. The firm has a market cap of $23.30 billion, a P/E ratio of 39.35, a PEG ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The firm also recently announced a -- dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were given a dividend of $0.36 per share. 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 payout ratio is presently 64.58%.

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.