Pictet Asset Management Holding SA Grows Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

Pictet Asset Management Holding SA increased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,357,958 shares of the company's stock after buying an additional 153,581 shares during the quarter. Pictet Asset Management Holding SA owned 0.11% of KE worth $25,014,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. TT International Asset Management LTD purchased a new position in shares of KE during the 4th quarter valued at $717,000. XTX Topco Ltd boosted its position in KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock worth $2,345,000 after purchasing an additional 90,054 shares during the period. Headwater Capital Co Ltd purchased a new position in shares of KE in the fourth quarter worth about $11,052,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of KE during the 3rd quarter valued at approximately $13,540,000. Finally, ABS Direct Equity Fund LLC raised its holdings in KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock valued at $1,551,000 after acquiring an additional 62,300 shares during the period. Institutional investors own 39.34% of the company's stock.

KE Stock Performance

KE stock traded down $1.52 during midday trading on Friday, hitting $19.46. 11,117,369 shares of the company's stock were exchanged, compared to its average volume of 9,676,187. The company has a market cap of $23.51 billion, a P/E ratio of 39.71, a PEG ratio of 3.45 and a beta of -0.73. The stock has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $19.94. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05.

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KE Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a $0.36 dividend. This represents a dividend yield of 1.4%. This is a boost from KE's previous -- dividend of $0.17. The ex-dividend date of this dividend is Wednesday, April 9th. KE's dividend payout ratio is 64.58%.

Analysts Set New Price Targets

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

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.