Mirabaud Asset Management Ltd Lowers Position in KE Holdings Inc. (NYSE:BEKE)

Mirabaud Asset Management Ltd lessened its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,354 shares of the company's stock after selling 39,452 shares during the period. Mirabaud Asset Management Ltd's holdings in KE were worth $1,131,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BEKE. Charles Schwab Investment Management Inc. raised its stake in KE by 11.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company's stock valued at $19,801,000 after purchasing an additional 103,720 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of KE during the 3rd quarter worth approximately $297,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE during the 3rd quarter worth approximately $30,000. Quantinno Capital Management LP boosted its position in shares of KE by 32.3% during the 3rd quarter. Quantinno Capital Management LP now owns 21,774 shares of the company's stock worth $434,000 after acquiring an additional 5,317 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its position in KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock valued at $101,794,000 after purchasing an additional 515,197 shares in the last quarter. 39.34% of the stock is owned by institutional investors.

KE Price Performance

Shares of BEKE traded up $0.27 during trading hours on Thursday, hitting $18.61. The stock had a trading volume of 6,473,089 shares, compared to its average volume of 9,770,928. The firm has a 50 day simple moving average of $20.77 and a 200-day simple moving average of $20.02. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The firm has a market capitalization of $22.49 billion, a P/E ratio of 37.92, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

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KE Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Morgan Stanley upped their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of KE in a report on Tuesday, March 18th. One investment 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 currently has an average 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.