Handelsbanken Fonder AB Buys 129,776 Shares of KE Holdings Inc. (NYSE:BEKE)

Handelsbanken Fonder AB boosted its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 64.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,412 shares of the company’s stock after purchasing an additional 129,776 shares during the quarter. Handelsbanken Fonder AB’s holdings in KE were worth $5,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. OVERSEA CHINESE BANKING Corp Ltd raised its stake in KE by 17.9% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 986,173 shares of the company’s stock valued at $15,976,000 after purchasing an additional 149,570 shares in the last quarter. abrdn plc raised its stake in KE by 3.8% during the fourth quarter. abrdn plc now owns 447,798 shares of the company’s stock worth $7,259,000 after acquiring an additional 16,216 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KE by 50.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 269,907 shares of the company’s stock worth $4,375,000 after acquiring an additional 90,258 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in KE during the fourth quarter worth about $629,000. Finally, ANTIPODES PARTNERS Ltd raised its stake in KE by 26.5% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 12,326 shares of the company’s stock worth $199,000 after acquiring an additional 2,585 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

Shares of BEKE opened at $13.81 on Friday. KE Holdings Inc. has a 52-week low of $12.44 and a 52-week high of $19.95. The business’s 50 day moving average price is $13.71 and its two-hundred day moving average price is $14.58. The firm has a market cap of $17.03 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.37 and a beta of -0.73.

KE (NYSE:BEKE) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. KE had a return on equity of 9.19% and a net margin of 7.62%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.66 billion. Research analysts predict that KE Holdings Inc. will post 0.77 EPS for the current fiscal year.

KE Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, April 24th. Shareholders of record on Friday, April 5th were paid a $0.351 dividend. This represents a yield of 2.2%. The ex-dividend date was Thursday, April 4th. KE’s dividend payout ratio (DPR) is presently 43.48%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup restated a “buy” rating and set a $21.10 price target on shares of KE in a report on Tuesday, March 19th. HSBC reduced their target price on KE from $23.90 to $21.80 and set a “buy” rating on the stock in a report on Friday, March 15th.

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.