Massachusetts Financial Services Co. MA Acquires New Stake in KE Holdings Inc. (NYSE:BEKE)

Massachusetts Financial Services Co. MA purchased a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 85,718 shares of the company's stock, valued at approximately $1,579,000.

Several other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in KE in the fourth quarter valued at $30,000. Principal Securities Inc. grew its holdings in KE by 411.9% during the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after acquiring an additional 1,664 shares during the period. Rakuten Securities Inc. raised its position in KE by 42.3% during the fourth quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after acquiring an additional 1,416 shares in the last quarter. US Bancorp DE lifted its holdings in KE by 42.3% in the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after acquiring an additional 2,623 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in KE by 8.8% in 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 in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Trading Up 5.0 %

NYSE:BEKE traded up $0.93 during trading hours on Monday, reaching $19.37. 2,202,441 shares of the company were exchanged, compared to its average volume of 9,801,726. The stock's 50-day moving average is $20.82 and its 200-day moving average is $20.04. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05. The firm has a market cap of $23.41 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73.

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KE Increases Dividend

The business also recently declared a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be paid 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 (DPR) is currently 64.58%.

Analysts Set New Price Targets

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

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.