Krane Funds Advisors LLC Has $243.31 Million Holdings in KE Holdings Inc. (NYSE:BEKE)

Krane Funds Advisors LLC decreased its position in KE Holdings Inc. (NYSE:BEKE - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,208,745 shares of the company's stock after selling 1,861,287 shares during the quarter. KE makes up approximately 9.9% of Krane Funds Advisors LLC's portfolio, making the stock its 2nd largest holding. Krane Funds Advisors LLC owned 1.09% of KE worth $243,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. TT International Asset Management LTD bought a new position in KE in the 4th quarter worth approximately $717,000. XTX Topco Ltd increased its position in KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock worth $2,345,000 after acquiring an additional 90,054 shares during the period. Headwater Capital Co Ltd bought a new stake in KE in the 4th quarter valued at $11,052,000. Y Intercept Hong Kong Ltd acquired a new stake in KE in the 3rd quarter worth $13,540,000. Finally, ABS Direct Equity Fund LLC increased its holdings in shares of KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after purchasing an additional 62,300 shares during the period. 39.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BEKE. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. 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, UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and lifted their target price for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, KE has a consensus rating of "Moderate Buy" and an average target price of $27.26.

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KE Trading Up 2.1 %

Shares of NYSE:BEKE traded up $0.38 during trading on Friday, hitting $18.46. 12,414,874 shares of the company's stock were exchanged, compared to its average volume of 9,831,844. The firm has a market cap of $22.30 billion, a P/E ratio of 37.67, a PEG ratio of 3.45 and a beta of -0.73. The firm has a 50-day moving average price of $20.82 and a two-hundred day moving average price of $20.04. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05.

KE Increases Dividend

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

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.