Harvest Fund Management Co. Ltd Decreases Holdings in KE Holdings Inc. (NYSE:BEKE)

Harvest Fund Management Co. Ltd lowered its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 618,823 shares of the company's stock after selling 82,397 shares during the period. Harvest Fund Management Co. Ltd owned about 0.05% of KE worth $11,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BEKE. QRG Capital Management Inc. increased its position in KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after buying an additional 703 shares during the period. PNC Financial Services Group Inc. grew its position in shares of 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 acquiring an additional 762 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE in the 3rd quarter valued at $30,000. Finally, SBI Securities Co. Ltd. acquired a new stake in KE during the 4th quarter worth $30,000. Institutional investors and hedge funds own 39.34% of the company's stock.

Analysts Set New Price Targets

BEKE has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and upped their price objective for the company from $22.70 to $24.50 in a research note on Thursday. Finally, Barclays lifted their target price on KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.26.

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KE Price Performance

NYSE BEKE traded down $0.93 on Friday, hitting $20.63. 17,669,407 shares of the company's stock were exchanged, compared to its average volume of 9,353,196. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 42.09, a P/E/G ratio of 3.45 and a beta of -0.82. The firm's 50-day moving average price is $19.98 and its two-hundred day moving average price is $19.49. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05.

KE Increases Dividend

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

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.