Qtron Investments LLC Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Qtron Investments LLC purchased a new stake in shares of KE Holdings Inc. (NYSE:BEKE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,063 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BEKE. Dymon Asia Capital Singapore PTE. LTD. raised its position in shares of KE by 8.8% during the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 299,995 shares of the company’s stock worth $5,526,000 after buying an additional 24,200 shares in the last quarter. APG Asset Management N.V. raised its holdings in KE by 1,279.9% during the fourth quarter. APG Asset Management N.V. now owns 1,357,366 shares of the company’s stock worth $24,146,000 after purchasing an additional 1,259,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in KE by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock worth $150,228,000 after purchasing an additional 194,800 shares during the period. FIL Ltd lifted its position in KE by 21.1% in the fourth quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock worth $476,111,000 after purchasing an additional 4,503,902 shares during the period. Finally, FMR LLC boosted its stake in KE by 39.4% during the 4th quarter. FMR LLC now owns 6,025,247 shares of the company’s stock valued at $110,985,000 after purchasing an additional 1,703,400 shares in the last quarter. 39.34% of the stock is currently owned by institutional investors.

KE Trading Up 2.1 %

NYSE BEKE opened at $18.46 on Monday. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05. The company has a market cap of $22.30 billion, a PE ratio of 37.67, a PEG ratio of 3.45 and a beta of -0.73. The stock’s 50-day moving average price is $20.82 and its two-hundred day moving average price is $20.04.

KE Increases Dividend

The company also recently declared a — dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be issued 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 payout ratio is currently 64.58%.

Analyst Ratings Changes

Several analysts have recently weighed in on BEKE shares. UBS Group lowered KE from a “buy” rating to a “neutral” rating and upped their price objective for the company from $22.70 to $24.50 in a report 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 boosted their target price on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.26.

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.