Connor Clark & Lunn Investment Management Ltd. Has $4.16 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 67.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,855 shares of the company's stock after selling 478,262 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in KE were worth $4,160,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock valued at $128,979,000 after acquiring an additional 4,340,517 shares during the period. CoreView Capital Management Ltd grew its position in shares of KE by 11.2% in the 3rd quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock valued at $101,794,000 after purchasing an additional 515,197 shares during the period. H Capital V GP L.P. bought a new stake in KE during the 4th quarter worth approximately $91,147,000. E Fund Management Co. Ltd. lifted its stake in KE by 3.7% in the fourth quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company's stock valued at $79,054,000 after buying an additional 154,748 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of KE by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company's stock valued at $74,323,000 after buying an additional 44,797 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

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Analysts Set New Price Targets

BEKE has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group lowered KE from a "buy" rating to a "neutral" rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday. Finally, Barclays increased their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.26.

KE Price Performance

BEKE stock traded down $0.92 during mid-day trading on Thursday, reaching $21.53. The company had a trading volume of 20,008,714 shares, compared to its average volume of 9,299,770. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05. The company has a market capitalization of $26.02 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 3.45 and a beta of -0.82. The stock has a 50 day simple moving average of $19.80 and a two-hundred day simple moving average of $19.41.

KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 9th will be paid a $0.36 dividend. The ex-dividend date is Wednesday, April 9th. This represents a yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. KE's dividend payout ratio (DPR) is currently 75.00%.

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.