KLP Kapitalforvaltning AS Acquires Shares of 141,400 KE Holdings Inc. (NYSE:BEKE)

KLP Kapitalforvaltning AS purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 141,400 shares of the company's stock, valued at approximately $2,605,000.

Other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in shares of KE by 5.1% in the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock valued at $265,000 after purchasing an additional 703 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after purchasing an additional 762 shares during the last quarter. Rakuten Securities Inc. lifted its stake in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after buying an additional 1,416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in KE in the 3rd quarter valued at approximately $30,000. Finally, SBI Securities Co. Ltd. acquired a new stake in KE during the 4th quarter valued at $30,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 2.8 %

Shares of BEKE stock traded down $0.60 on Friday, reaching $20.59. 8,301,817 shares of the stock were exchanged, compared to its average volume of 9,581,369. The stock has a market cap of $24.88 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The firm has a 50 day moving average of $20.39 and a two-hundred day moving average of $19.75.

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KE Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This represents a 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%.

Wall Street Analysts Forecast Growth

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