Skandinaviska Enskilda Banken AB publ Buys 12,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Skandinaviska Enskilda Banken AB publ raised its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,300 shares of the company's stock after buying an additional 12,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in KE were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. H Capital V GP L.P. bought a new position in KE in the fourth quarter valued at approximately $91,147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in KE by 203.1% in the 3rd 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 purchasing an additional 4,340,517 shares during the period. WT Asset Management Ltd boosted its stake in KE by 1,761.8% in the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock valued at $42,867,000 after purchasing an additional 2,202,198 shares during the period. Lord Abbett & CO. LLC bought a new stake in KE in the 3rd quarter valued at $28,956,000. Finally, Jennison Associates LLC boosted its stake in KE by 72.1% in the 4th quarter. Jennison Associates LLC now owns 2,761,520 shares of the company's stock valued at $50,867,000 after purchasing an additional 1,157,272 shares during the period. Institutional investors and hedge funds own 39.34% of the company's stock.

Analyst Upgrades and Downgrades

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

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KE Price Performance

BEKE stock traded down $0.92 during midday trading on Thursday, reaching $21.53. 20,008,714 shares of the stock were exchanged, compared to its average volume of 9,299,770. The stock has a market capitalization of $26.02 billion, a PE ratio of 43.95, a P/E/G ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 52 week low of $12.49 and a 52 week high of $26.05. The company has a fifty day moving average price of $19.80 and a 200 day moving average price of $19.41.

KE Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 9th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This represents a yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. KE's payout ratio is currently 75.00%.

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.