Tower Research Capital LLC TRC Trims Stock Position in KE Holdings Inc. (NYSE:BEKE)

Tower Research Capital LLC TRC reduced its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 78.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,305 shares of the company's stock after selling 45,104 shares during the quarter. Tower Research Capital LLC TRC's holdings in KE were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BEKE. Natixis purchased a new position in shares of KE during the fourth quarter worth about $1,023,000. First Trust Advisors LP purchased a new position in shares of KE in the 4th quarter valued at approximately $233,000. Canada Pension Plan Investment Board increased its holdings in shares of KE by 111,822,650.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock valued at $205,978,000 after purchasing an additional 11,182,265 shares during the period. Marshall Wace LLP raised its stake in shares of KE by 3.0% during the fourth quarter. Marshall Wace LLP now owns 4,644,017 shares of the company's stock worth $85,543,000 after purchasing an additional 135,376 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of KE by 14.9% during the fourth quarter. Mariner LLC now owns 88,336 shares of the company's stock worth $1,627,000 after purchasing an additional 11,451 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Price Performance

KE stock traded down $0.04 during mid-day trading on Friday, reaching $19.28. The company had a trading volume of 3,062,535 shares, compared to its average volume of 9,504,356. The stock's 50-day simple moving average is $20.73 and its 200-day simple moving average is $19.79. KE Holdings Inc. has a 1 year low of $12.92 and a 1 year high of $26.05. The company has a market capitalization of $23.30 billion, a P/E ratio of 39.35, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. This is an increase from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date was Wednesday, April 9th. KE's dividend payout ratio (DPR) is presently 64.58%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. 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. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and raised their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.26.

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.