CANADA LIFE ASSURANCE Co Has $13.89 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

CANADA LIFE ASSURANCE Co lessened its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 754,975 shares of the company's stock after selling 105,914 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.06% of KE worth $13,893,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its position in KE by 111,822,650.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,182,275 shares of the company's stock worth $205,978,000 after acquiring an additional 11,182,265 shares during the period. Marshall Wace LLP increased its position in KE by 3.0% during the fourth quarter. Marshall Wace LLP now owns 4,644,017 shares of the company's stock worth $85,543,000 after buying an additional 135,376 shares during the last quarter. Mariner LLC lifted its stake in shares of KE by 14.9% in the fourth quarter. Mariner LLC now owns 88,336 shares of the company's stock worth $1,627,000 after buying an additional 11,451 shares during the last quarter. Qtron Investments LLC bought a new stake in KE during the 4th quarter valued at approximately $204,000. Finally, Dymon Asia Capital Singapore PTE. LTD. increased its holdings in shares of KE by 8.8% during the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 299,995 shares of the company's stock worth $5,526,000 after purchasing an additional 24,200 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Morgan Stanley lifted their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, UBS Group cut KE from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, KE currently has an average rating of "Moderate Buy" and an average price target of $27.26.

KE Price Performance

NYSE BEKE traded down $0.67 on Friday, reaching $21.41. The stock had a trading volume of 6,267,474 shares, compared to its average volume of 9,858,047. The company has a market cap of $25.87 billion, a P/E ratio of 43.69, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The firm has a fifty day moving average of $20.94 and a two-hundred day moving average of $19.87. KE Holdings Inc. has a 1-year low of $12.92 and a 1-year high of $26.05.

KE Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. KE's dividend payout ratio (DPR) is currently 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.