Federated Hermes Inc. Grows Position in KE Holdings Inc. (NYSE:BEKE)

Federated Hermes Inc. increased its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 366,552.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,511,566 shares of the company's stock after purchasing an additional 2,510,881 shares during the period. Federated Hermes Inc. owned 0.21% of KE worth $46,263,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BEKE. SBI Securities Co. Ltd. acquired a new position in shares of KE during the 4th quarter worth about $30,000. Principal Securities Inc. boosted its holdings in 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 purchasing an additional 1,664 shares in the last quarter. Rakuten Securities Inc. increased its stake in KE by 42.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after purchasing an additional 1,416 shares during the last quarter. US Bancorp DE raised its holdings in 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 purchasing an additional 2,623 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in KE by 8.8% during the fourth 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. Hedge funds and other institutional investors own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BEKE shares. Morgan Stanley increased their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, UBS Group cut KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, KE presently has an average rating of "Moderate Buy" and an average price target of $27.26.

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KE Stock Performance

KE stock traded up $0.38 during trading hours on Friday, reaching $18.46. 12,414,874 shares of the stock were exchanged, compared to its average volume of 9,830,235. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05. The stock has a market cap of $22.30 billion, a P/E ratio of 37.67, a P/E/G ratio of 3.45 and a beta of -0.73. The firm's 50 day moving average is $20.82 and its 200 day moving average is $20.04.

KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. This is a boost from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE's dividend payout ratio is currently 64.58%.

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.