KE Holdings Inc. (NYSE:BEKE) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421,638 shares of the company's stock after selling 52,826 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in KE were worth $7,767,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. H Capital V GP L.P. bought a new stake in KE during the 4th quarter valued at about $91,147,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company's stock valued at $128,979,000 after acquiring an additional 4,340,517 shares in the last quarter. WT Asset Management Ltd boosted its holdings in shares of KE by 1,761.8% in the fourth quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock valued at $42,867,000 after purchasing an additional 2,202,198 shares during the period. Carrhae Capital LLP bought a new position in KE in the fourth quarter worth approximately $32,156,000. Finally, Lord Abbett & CO. LLC purchased a new position in KE during the 3rd quarter worth $28,956,000. 39.34% of the stock is owned by hedge funds and other institutional investors.

KE Stock Down 7.2 %

Shares of NYSE BEKE traded down $1.52 during mid-day trading on Friday, reaching $19.46. 11,117,369 shares of the company were exchanged, compared to its average volume of 9,649,095. 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 $20.72 and a 200 day moving average of $19.90. The stock has a market cap of $23.51 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 3.45 and a beta of -0.73.

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KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.36 per share. This represents a dividend yield of 1.4%. This is a positive change from KE's previous -- dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE's dividend payout ratio is presently 64.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. UBS Group lowered 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 note on Thursday, March 20th. Finally, Morgan Stanley raised their target price on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.