Krane Funds Advisors LLC Sells 1,861,287 Shares of KE Holdings Inc. (NYSE:BEKE)

Krane Funds Advisors LLC lowered its position in shares of KE Holdings Inc. (NYSE:BEKE) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,208,745 shares of the company’s stock after selling 1,861,287 shares during the quarter. KE makes up approximately 9.9% of Krane Funds Advisors LLC’s holdings, making the stock its 2nd biggest holding. Krane Funds Advisors LLC’s holdings in KE were worth $243,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BEKE. TT International Asset Management LTD bought a new stake in KE during the 4th quarter worth about $717,000. XTX Topco Ltd lifted its position in shares of KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock worth $2,345,000 after purchasing an additional 90,054 shares in the last quarter. Headwater Capital Co Ltd bought a new stake in shares of KE during the fourth quarter valued at approximately $11,052,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of KE in the third quarter valued at approximately $13,540,000. Finally, ABS Direct Equity Fund LLC raised its position in KE by 284.5% in the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after purchasing an additional 62,300 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company’s stock.

KE Stock Down 7.2 %

Shares of BEKE stock opened at $19.46 on Monday. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 39.71, 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 firm has a fifty day moving average of $20.72 and a 200-day moving average of $19.98.

KE Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a dividend yield of 1.4%. This is a positive change from KE’s previous — dividend of $0.17. KE’s dividend payout ratio (DPR) is currently 64.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lowered KE from a “buy” rating to a “neutral” rating and upped their price target for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Jefferies Financial Group restated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price target on shares of 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 given a buy rating to the stock. According to data from MarketBeat, KE currently has an average rating of “Moderate Buy” and a consensus price target 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.