Royal London Asset Management Ltd. Sells 469,600 Shares of KE Holdings Inc. (NYSE:BEKE)

Royal London Asset Management Ltd. decreased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 581,300 shares of the company's stock after selling 469,600 shares during the period. Royal London Asset Management Ltd.'s holdings in KE were worth $10,708,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. H Capital V GP L.P. bought a new stake in shares of KE in the 4th quarter worth about $91,147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in KE by 203.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock worth $128,979,000 after purchasing an additional 4,340,517 shares during the last quarter. WT Asset Management Ltd boosted its position in shares of KE by 1,761.8% during the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock valued at $42,867,000 after buying an additional 2,202,198 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of KE during the third quarter valued at approximately $28,956,000. Finally, Jennison Associates LLC grew its stake in shares of KE by 72.1% during the fourth quarter. Jennison Associates LLC now owns 2,761,520 shares of the company's stock valued at $50,867,000 after buying an additional 1,157,272 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

KE Stock Performance

NYSE BEKE traded down $0.23 on Tuesday, reaching $20.41. 7,006,708 shares of the stock traded hands, compared to its average volume of 9,371,728. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 3.45 and a beta of -0.82. The company has a fifty day moving average price of $20.14 and a 200-day moving average price of $19.61.

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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 issued a $0.36 dividend. This is an increase from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE's payout ratio is presently 64.58%.

Wall Street Analyst Weigh In

BEKE has been the subject of a number of research analyst reports. UBS Group lowered KE from a "buy" rating to a "neutral" rating and raised their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Morgan Stanley raised their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.