KE Holdings Inc. (NYSE:BEKE) Stock Holdings Trimmed by Turiya Advisors Asia Ltd

Turiya Advisors Asia Ltd lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,889,906 shares of the company’s stock after selling 537,000 shares during the quarter. KE comprises approximately 73.3% of Turiya Advisors Asia Ltd’s investment portfolio, making the stock its largest holding. Turiya Advisors Asia Ltd’s holdings in KE were worth $53,232,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of KE during the fourth quarter worth about $30,000. Principal Securities Inc. boosted its position in KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. Rakuten Securities Inc. increased its holdings in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after buying an additional 1,416 shares during the period. Finally, US Bancorp DE raised its position in KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock worth $163,000 after buying an additional 2,623 shares during the last quarter. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Trading Up 0.3 %

Shares of BEKE stock opened at $20.71 on Tuesday. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05. The business’s 50 day moving average is $20.07 and its two-hundred day moving average is $19.57. The company has a market capitalization of $25.02 billion, a P/E ratio of 42.27, a P/E/G ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

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

Analyst Upgrades and Downgrades

BEKE has been the topic of several recent research reports. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Barclays increased their price target on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, UBS Group cut KE from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $22.70 to $24.50 in a report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and four have issued 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 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.