APG Asset Management N.V. Purchases 1,259,000 Shares of KE Holdings Inc. (NYSE:BEKE)

APG Asset Management N.V. increased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 1,279.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,357,366 shares of the company's stock after purchasing an additional 1,259,000 shares during the period. APG Asset Management N.V. owned approximately 0.11% of KE worth $24,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FIL Ltd increased its stake in shares of KE by 21.1% in the 4th quarter. FIL Ltd now owns 25,847,478 shares of the company's stock valued at $476,111,000 after purchasing an additional 4,503,902 shares during the last quarter. Renaissance Technologies LLC boosted its stake in KE by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company's stock valued at $150,228,000 after buying an additional 194,800 shares in the last quarter. Norges Bank bought a new position in KE in the fourth quarter valued at about $130,167,000. FMR LLC raised its stake in KE by 39.4% during the fourth quarter. FMR LLC now owns 6,025,247 shares of the company's stock worth $110,985,000 after acquiring an additional 1,703,400 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of KE by 9.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company's stock worth $94,178,000 after acquiring an additional 462,416 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and lifted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Morgan Stanley raised their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.26.

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KE Stock Up 0.3 %

Shares of BEKE stock traded up $0.06 during trading hours on Tuesday, hitting $19.36. 2,136,708 shares of the company's stock traded hands, compared to its average volume of 9,817,314. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The stock has a market cap of $23.39 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The stock's 50 day simple moving average is $20.86 and its 200 day simple moving average is $20.04.

KE Increases Dividend

The business also recently announced a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 9th. This is an increase from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. KE's payout ratio is presently 64.58%.

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.