Catalyst Funds Management Pty Ltd Grows Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Catalyst Funds Management Pty Ltd raised its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 1,729.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,900 shares of the company's stock after buying an additional 41,500 shares during the period. Catalyst Funds Management Pty Ltd's holdings in KE were worth $809,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE during the third quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in KE during the fourth quarter valued at about $30,000. Principal Securities Inc. boosted its position in KE by 411.9% during 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. Venturi Wealth Management LLC boosted its position in KE by 5,089.9% during the third quarter. Venturi Wealth Management LLC now owns 4,100 shares of the company's stock valued at $82,000 after buying an additional 4,021 shares during the period. Finally, Rakuten Securities Inc. boosted its position in 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 buying an additional 1,416 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BEKE has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays upped their price objective on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th.

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KE Price Performance

BEKE traded down $0.89 on Wednesday, hitting $22.39. The company had a trading volume of 17,576,748 shares, compared to its average volume of 9,255,020. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05. The stock has a fifty day simple moving average of $19.68 and a 200-day simple moving average of $19.38. The firm has a market capitalization of $27.05 billion, a P/E ratio of 45.68, a P/E/G ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 9th will be issued 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 61.22%.

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.