111,100 Shares in KE Holdings Inc. (NYSE:BEKE) Acquired by Symmetry Investments LP

Symmetry Investments LP bought a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 111,100 shares of the company's stock, valued at approximately $2,046,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of KE in the 3rd quarter worth $1,033,000. Tidal Investments LLC boosted its holdings in KE by 34.0% during the third quarter. Tidal Investments LLC now owns 23,735 shares of the company's stock worth $473,000 after buying an additional 6,017 shares during the last quarter. Franklin Resources Inc. boosted its holdings in KE by 191.4% during the third quarter. Franklin Resources Inc. now owns 590,139 shares of the company's stock worth $11,750,000 after buying an additional 387,598 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of KE during the 3rd quarter worth about $28,956,000. Finally, Headwater Capital Co Ltd bought a new stake in shares of KE in the 4th quarter valued at about $11,052,000. Institutional investors own 39.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on BEKE. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and upped their target price 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 target price on 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 a consensus price target of $27.26.

KE Trading Up 3.7 %

Shares of NYSE BEKE opened at $20.22 on Wednesday. The company has a fifty day moving average price of $20.89 and a 200 day moving average price of $19.88. The firm has a market cap of $24.43 billion, a PE ratio of 41.27, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05.

KE Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This is an increase from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. KE's dividend payout ratio (DPR) is presently 64.58%.

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.

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