KLP Kapitalforvaltning AS Makes New $2.61 Million Investment in KE Holdings Inc. (NYSE:BEKE)

KLP Kapitalforvaltning AS acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141,400 shares of the company’s stock, valued at approximately $2,605,000.

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

Wall Street Analysts Forecast Growth

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

KE Stock Up 1.6 %

KE stock opened at $20.70 on Thursday. The stock has a market cap of $25.01 billion, a P/E ratio of 42.24, a P/E/G ratio of 3.45 and a beta of -0.82. The company’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $19.62. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05.

KE Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a $0.36 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 1.4%. This is a boost from KE’s previous — dividend of $0.17. KE’s payout ratio is currently 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.