SIH Partners LLLP Sells 61,200 Shares of KE Holdings Inc. (NYSE:BEKE)

SIH Partners LLLP lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,380 shares of the company’s stock after selling 61,200 shares during the period. SIH Partners LLLP’s holdings in KE were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BEKE. Canada Pension Plan Investment Board boosted its stake 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 period. Norges Bank bought a new position in shares of KE during the fourth quarter worth about $130,167,000. H Capital V GP L.P. acquired a new stake in KE in the 4th quarter valued at approximately $91,147,000. FIL Ltd lifted its stake in KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company’s stock valued at $476,111,000 after acquiring an additional 4,503,902 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in KE by 366,552.0% during the 4th quarter. Federated Hermes Inc. now owns 2,511,566 shares of the company’s stock worth $46,263,000 after acquiring an additional 2,510,881 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Stock Up 2.3 %

Shares of NYSE BEKE opened at $19.47 on Tuesday. The business’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $19.88. The company has a market cap of $23.53 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.58 and a twelve month high of $26.05.

KE Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on BEKE. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and increased their target price for the stock 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 report on Tuesday, March 18th. Finally, Morgan Stanley raised their price target on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.