Two Sigma Securities LLC Trims Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Two Sigma Securities LLC lowered its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 63.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,822 shares of the company's stock after selling 18,577 shares during the quarter. Two Sigma Securities LLC's holdings in KE were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BEKE. FIL Ltd boosted its stake in KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Canada Pension Plan Investment Board lifted 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 worth $205,978,000 after buying an additional 11,182,265 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of KE by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock worth $150,228,000 after acquiring an additional 194,800 shares during the last quarter. Norges Bank purchased a new position in KE during the fourth quarter valued at $130,167,000. Finally, FMR LLC increased its holdings in KE by 39.4% in the 4th quarter. FMR LLC now owns 6,025,247 shares of the company's stock valued at $110,985,000 after acquiring an additional 1,703,400 shares during the last quarter. Institutional investors own 39.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BEKE. Morgan Stanley upped their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and upped their price target for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.26.

KE Trading Down 0.7 %

Shares of BEKE stock traded down $0.14 on Tuesday, reaching $20.69. 2,329,860 shares of the company's stock were exchanged, compared to its average volume of 9,505,440. KE Holdings Inc. has a 52 week low of $12.92 and a 52 week high of $26.05. The stock has a market capitalization of $25.00 billion, a PE ratio of 42.20, a P/E/G ratio of 3.45 and a beta of -0.73. The company's fifty day simple moving average is $20.94 and its 200 day simple moving average is $19.82.

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 an increase from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is 64.58%.

KE 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.