Royal London Asset Management Ltd. Reduces Stock Position in KE Holdings Inc. (NYSE:BEKE)

Royal London Asset Management Ltd. lessened its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. TT International Asset Management LTD acquired a new position in KE during the 4th quarter worth about $717,000. XTX Topco Ltd boosted its holdings in KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock valued at $2,345,000 after acquiring an additional 90,054 shares during the last quarter. Headwater Capital Co Ltd acquired a new stake in KE during the 4th quarter valued at approximately $11,052,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in KE during the 3rd quarter worth approximately $530,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of KE in the 3rd quarter worth approximately $13,540,000. Institutional investors own 39.34% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BEKE. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. UBS Group lowered KE from a "buy" rating to a "neutral" rating and boosted their price target for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, KE has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.

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KE Trading Up 1.6 %

Shares of NYSE BEKE traded up $0.32 during midday trading on Wednesday, hitting $20.70. 7,797,415 shares of the company's stock were exchanged, compared to its average volume of 9,965,257. The business's fifty day moving average price is $20.14 and its two-hundred day moving average price is $19.61. The company has a market cap of $25.01 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 12-month low of $12.48 and a 12-month high of $26.05.

KE Increases Dividend

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