Charles Schwab Investment Management Inc. Has $19.85 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Charles Schwab Investment Management Inc. boosted its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,077,371 shares of the company's stock after purchasing an additional 82,856 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of KE worth $19,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KE during the third quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE during the fourth quarter valued at $30,000. Principal Securities Inc. raised its stake in shares of 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 acquiring an additional 1,664 shares during the last quarter. US Bancorp DE raised its stake in shares of KE by 42.3% during the fourth 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 last quarter. Finally, Quantbot Technologies LP bought a new position in shares of KE during the third quarter valued at $219,000. Institutional investors own 39.34% of the company's stock.

KE Price Performance

Shares of BEKE traded down $0.93 during trading hours on Friday, hitting $20.63. 17,669,407 shares of the stock were exchanged, compared to its average volume of 9,353,196. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The business has a 50-day moving average of $19.98 and a 200-day moving average of $19.49. The firm has a market capitalization of $24.92 billion, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82.

Remove Ads

KE Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a $0.36 dividend. This represents a yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE's dividend payout ratio (DPR) is presently 75.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BEKE. UBS Group downgraded shares of 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 research note on Thursday. Morgan Stanley increased their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Barclays increased their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.