Marshall Wace LLP Purchases 135,376 Shares of KE Holdings Inc. (NYSE:BEKE)

Marshall Wace LLP grew its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,644,017 shares of the company's stock after purchasing an additional 135,376 shares during the period. Marshall Wace LLP owned approximately 0.38% of KE worth $85,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of KE in the fourth quarter valued at $30,000. Principal Securities Inc. boosted its stake in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. grew its holdings in KE by 42.3% during 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. US Bancorp DE increased its position in shares of KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after buying an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of KE by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock worth $173,000 after buying an additional 762 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

KE Stock Performance

BEKE traded up $0.44 during midday trading on Tuesday, hitting $19.93. The stock had a trading volume of 2,644,335 shares, compared to its average volume of 9,832,918. The company has a market cap of $24.08 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1 year low of $12.58 and a 1 year high of $26.05. The business has a fifty day moving average of $20.90 and a 200 day moving average of $19.88.

KE Increases Dividend

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

Wall Street Analysts Forecast Growth

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