Prudential Financial Inc. Sells 65,996 Shares of KE Holdings Inc. (NYSE:BEKE)

Prudential Financial Inc. lessened its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 63.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,655 shares of the company's stock after selling 65,996 shares during the quarter. Prudential Financial Inc.'s holdings in KE were worth $727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TT International Asset Management LTD acquired a new position in shares of KE during the 4th quarter valued at $717,000. Headwater Capital Co Ltd bought a new position in KE during the fourth quarter valued at about $11,052,000. ABS Direct Equity Fund LLC grew its holdings in KE by 284.5% during the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after acquiring an additional 62,300 shares during the period. China Universal Asset Management Co. Ltd. raised its position in KE by 55.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock worth $3,113,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in KE in the 3rd quarter valued at about $1,033,000. Institutional investors own 39.34% of the company's stock.

KE Trading Up 2.1 %

Shares of BEKE traded up $0.38 during midday trading on Friday, hitting $18.46. The stock had a trading volume of 12,414,874 shares, compared to its average volume of 9,830,235. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The business has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $20.04. The firm has a market cap of $22.30 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

Remove Ads

KE Increases Dividend

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

Analyst Upgrades and Downgrades

BEKE has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.