Sei Investments Co. Sells 118,068 Shares of KE Holdings Inc. (NYSE:BEKE)

Sei Investments Co. cut its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 458,043 shares of the company's stock after selling 118,068 shares during the period. Sei Investments Co.'s holdings in KE were worth $8,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KE by 203.1% during 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 buying an additional 4,340,517 shares in the last quarter. CoreView Capital Management Ltd increased its stake in shares of KE by 11.2% in the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock worth $101,794,000 after purchasing an additional 515,197 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in KE by 9.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company's stock valued at $94,178,000 after purchasing an additional 462,416 shares during the period. H Capital V GP L.P. bought a new stake in shares of KE in the fourth quarter valued at approximately $91,147,000. Finally, E Fund Management Co. Ltd. raised its position in shares of KE by 3.7% during 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 during the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

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KE Stock Up 2.8 %

BEKE stock traded up $0.57 during trading on Thursday, hitting $21.00. The company had a trading volume of 12,384,339 shares, compared to its average volume of 9,618,990. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The firm has a 50-day moving average price of $20.68 and a 200-day moving average price of $19.86.

KE Increases Dividend

The firm also recently disclosed 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 is a positive change 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%.

Analyst Ratings Changes

BEKE has been the topic of several recent research reports. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and increased their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Morgan Stanley raised their price target 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. 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, KE currently has a consensus rating of "Moderate Buy" and an average price target of $27.26.

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.