Capital World Investors Trims Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Capital World Investors trimmed its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,046,570 shares of the company's stock after selling 2,157,572 shares during the period. Capital World Investors owned about 0.91% of KE worth $203,478,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in KE during the fourth quarter valued at $30,000. Principal Securities Inc. grew its stake in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. increased its holdings in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after purchasing an additional 1,416 shares in the last quarter. US Bancorp DE lifted its position in shares of KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after acquiring an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of KE by 8.8% during 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 in the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Down 3.0 %

KE stock traded down $0.67 during mid-day trading on Friday, reaching $21.41. 6,267,540 shares of the company's stock were exchanged, compared to its average volume of 10,155,208. The firm has a market capitalization of $25.87 billion, a PE ratio of 43.69, a P/E/G ratio of 3.45 and a beta of -0.73. The business's fifty day simple moving average is $20.94 and its 200 day simple moving average is $19.87. KE Holdings Inc. has a one year low of $12.92 and a one year high of $26.05.

KE Increases Dividend

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

Analyst Ratings Changes

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