KE Holdings Inc. (NYSE:BEKE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,857,378 shares of the company's stock after acquiring an additional 92,041 shares during the quarter. Geode Capital Management LLC owned approximately 0.32% of KE worth $70,585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in KE in the 4th quarter valued at $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 worth $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its holdings in KE by 42.3% in 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. US Bancorp DE lifted its stake in KE by 42.3% in the 4th 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. boosted its holdings in shares of KE by 8.8% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Trading Up 0.3 %

BEKE traded up $0.07 on Tuesday, hitting $19.37. The company had a trading volume of 5,232,431 shares, compared to its average volume of 9,828,187. The firm has a market cap of $23.40 billion, a P/E ratio of 39.52, a PEG ratio of 3.45 and a beta of -0.73. The company's fifty day moving average price is $20.86 and its 200 day moving average price is $20.04. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05.

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KE Increases Dividend

The business also recently announced a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be issued a $0.36 dividend. This represents a 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 64.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BEKE shares. UBS Group cut KE from a "buy" rating to a "neutral" rating and increased their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley lifted their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group reissued 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.