United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $245,000 in KE Holdings Inc. (NYSE:BEKE)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,300 shares of the company's stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BEKE. QRG Capital Management Inc. grew its stake in shares of KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after buying an additional 703 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after purchasing an additional 762 shares during the period. Rakuten Securities Inc. lifted its position in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after purchasing an additional 1,416 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the third quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of KE in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, UBS Group downgraded KE from a "buy" rating to a "neutral" rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, KE has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.

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KE Trading Down 2.3 %

Shares of BEKE opened at $20.11 on Tuesday. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The firm has a market capitalization of $24.30 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 3.45 and a beta of -0.82. The firm's 50-day moving average price is $20.45 and its 200-day moving average price is $19.79.

KE Increases Dividend

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

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.