Canada Pension Plan Investment Board Purchases 11,182,265 Shares of KE Holdings Inc. (NYSE:BEKE)

Canada Pension Plan Investment Board increased its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 111,822,650.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,182,275 shares of the company's stock after purchasing an additional 11,182,265 shares during the period. Canada Pension Plan Investment Board owned approximately 0.93% of KE worth $205,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BEKE. SBI Securities Co. Ltd. acquired a new stake in KE in the fourth quarter worth $30,000. Principal Securities Inc. boosted its holdings in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares during the period. Rakuten Securities Inc. increased its position in shares of KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares in the last quarter. US Bancorp DE raised its holdings in shares of KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after acquiring an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after acquiring an additional 762 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

KE Stock Performance

BEKE traded up $0.94 during trading on Tuesday, reaching $20.43. 3,547,963 shares of the stock were exchanged, compared to its average volume of 10,138,250. The stock has a market cap of $24.69 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The stock's 50 day moving average price is $20.90 and its two-hundred day moving average price is $19.88. KE Holdings Inc. has a twelve month low of $12.92 and a twelve month high of $26.05.

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 dividend of $0.36 per share. This represents a yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. KE's payout ratio is 64.58%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BEKE. Morgan Stanley increased 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. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and raised their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.

KE 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.