KE Holdings Inc. (NYSE:BEKE) Shares Purchased by FIL Ltd

FIL Ltd increased its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,847,478 shares of the company's stock after purchasing an additional 4,503,902 shares during the period. FIL Ltd owned 2.14% of KE worth $476,111,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BEKE. QRG Capital Management Inc. raised its holdings in shares of KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after buying an additional 703 shares during the last quarter. PNC Financial Services Group Inc. increased its position in KE by 8.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after acquiring an additional 762 shares during the period. Rakuten Securities Inc. raised its stake in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in KE during the 4th quarter worth approximately $30,000. Finally, Principal Securities Inc. grew its stake in shares of KE by 411.9% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Stock Performance

NYSE:BEKE traded up $0.38 during trading hours on Friday, hitting $18.46. The company's stock had a trading volume of 12,414,874 shares, 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 business's 50-day moving average is $20.82 and its two-hundred day moving average is $20.04. The company has a market capitalization of $22.30 billion, a PE ratio of 37.67, a PEG ratio of 3.45 and a beta of -0.73.

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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 issued a $0.36 dividend. This represents a dividend yield of 1.4%. The ex-dividend date is Wednesday, April 9th. This is an increase from KE's previous -- dividend of $0.17. KE's dividend payout ratio (DPR) is currently 64.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group cut KE from a "buy" rating to a "neutral" rating and upped their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.