KE Holdings Inc. (NYSE:BEKE) Shares Bought by FIL Ltd

FIL Ltd lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 21.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,847,478 shares of the company’s stock after buying an additional 4,503,902 shares during the period. FIL Ltd’s holdings in KE were worth $476,111,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of KE during the fourth quarter worth about $130,167,000. FMR LLC lifted its position in KE by 39.4% during the 4th quarter. FMR LLC now owns 6,025,247 shares of the company’s stock worth $110,985,000 after acquiring an additional 1,703,400 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in KE by 9.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company’s stock worth $94,178,000 after acquiring an additional 462,416 shares in the last quarter. H Capital V GP L.P. purchased a new position in KE in the 4th quarter worth approximately $91,147,000. Finally, E Fund Management Co. Ltd. grew its position in KE by 3.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company’s stock valued at $79,054,000 after acquiring an additional 154,748 shares in the last quarter. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Price Performance

NYSE BEKE opened at $18.35 on Tuesday. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The company’s fifty day moving average price is $20.74 and its two-hundred day moving average price is $20.00.

KE Increases Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This is a boost from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. This represents a dividend yield of 1.4%. KE’s dividend payout ratio (DPR) is presently 64.58%.

Analyst Ratings Changes

A number of research firms have recently commented on BEKE. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research note on Tuesday, March 18th. Finally, Morgan Stanley lifted their target price on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

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.