Bridgewater Associates LP Sells 18,526 Shares of KE Holdings Inc. (NYSE:BEKE)

Bridgewater Associates LP decreased its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 623,477 shares of the company's stock after selling 18,526 shares during the period. Bridgewater Associates LP owned 0.05% of KE worth $11,484,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its holdings in shares of KE by 5.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $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% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after purchasing an additional 762 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of KE by 42.3% during 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. SBI Securities Co. Ltd. bought a new position in shares of KE during the fourth quarter worth about $30,000. Finally, Principal Securities Inc. increased its holdings in shares of KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after acquiring an additional 1,664 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Up 2.8 %

BEKE stock traded up $0.54 during midday trading on Tuesday, reaching $20.03. The company had a trading volume of 2,304,859 shares, compared to its average volume of 9,831,795. The company has a market capitalization of $24.20 billion, a P/E ratio of 40.90, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.58 and a 1 year high of $26.05. The company has a 50 day moving average of $20.90 and a two-hundred day moving average of $19.88.

KE Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. KE's payout ratio is presently 64.58%.

Analyst Ratings Changes

A number of research analysts have recently commented on BEKE shares. UBS Group lowered KE from a "buy" rating to a "neutral" rating and raised their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley raised their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.

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.