KE Holdings Inc. (NYSE:BEKE) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,503,827 shares of the company's stock after selling 812,819 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.29% of KE worth $64,540,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. H Capital V GP L.P. acquired a new position in KE in the fourth quarter valued at $91,147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock valued at $128,979,000 after acquiring an additional 4,340,517 shares during the last quarter. WT Asset Management Ltd lifted its holdings in shares of KE by 1,761.8% during the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock worth $42,867,000 after acquiring an additional 2,202,198 shares during the period. Carrhae Capital LLP acquired a new stake in shares of KE in the fourth quarter worth approximately $32,156,000. Finally, Lord Abbett & CO. LLC purchased a new stake in KE in the third quarter valued at approximately $28,956,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Up 1.6 %

Shares of BEKE stock traded up $0.32 during mid-day trading on Tuesday, reaching $20.41. The company's stock had a trading volume of 4,785,221 shares, compared to its average volume of 9,587,287. The firm has a market capitalization of $24.66 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The company's 50 day simple moving average is $20.52 and its 200-day simple moving average is $19.84. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05.

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KE Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's dividend payout ratio (DPR) is 64.58%.

Analyst Ratings Changes

A number of research firms have weighed in on BEKE. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and increased their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley increased their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.