KE Holdings Inc. (NYSE:BEKE) Position Reduced by Man Group plc

Man Group plc cut its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,454,914 shares of the company’s stock after selling 135,565 shares during the quarter. Man Group plc’s holdings in KE were worth $26,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its position in KE by 111,822,650.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company’s stock worth $205,978,000 after purchasing an additional 11,182,265 shares during the last quarter. Norges Bank bought a new stake in shares of KE in the 4th quarter worth approximately $130,167,000. Aspex Management HK Ltd bought a new stake in shares of KE in the 4th quarter worth approximately $119,996,000. H Capital V GP L.P. bought a new stake in shares of KE in the 4th quarter worth approximately $91,147,000. Finally, Nuveen Asset Management LLC raised its holdings in shares of KE by 504.2% in the 4th quarter. Nuveen Asset Management LLC now owns 5,643,271 shares of the company’s stock worth $103,949,000 after buying an additional 4,709,266 shares in the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BEKE shares. Jefferies Financial Group reissued a “buy” rating on shares of KE in a report on Tuesday, March 18th. Morgan Stanley increased their price objective on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.26.

KE Stock Down 4.8%

Shares of NYSE:BEKE opened at $19.25 on Friday. KE Holdings Inc. has a 12-month low of $12.92 and a 12-month high of $26.05. The stock has a market cap of $23.26 billion, a PE ratio of 39.29, a P/E/G ratio of 3.45 and a beta of -0.73. The business has a 50 day moving average of $20.40 and a 200-day moving average of $19.77.

KE Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a $0.36 dividend. This is a boost from KE’s previous — dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, April 9th. KE’s payout ratio 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.