7,066,624 Shares in KE Holdings Inc. (NYSE:BEKE) Purchased by Norges Bank

Norges Bank acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,066,624 shares of the company's stock, valued at approximately $130,167,000. Norges Bank owned 0.58% of KE at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KE in the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in KE in the 4th quarter worth $30,000. Principal Securities Inc. increased its holdings in KE by 411.9% during 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 in the last quarter. Rakuten Securities Inc. raised its stake in shares of 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 purchasing an additional 1,416 shares during the period. Finally, US Bancorp DE raised its position in KE by 42.3% in the 4th 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 last quarter. 39.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BEKE has been the topic of several recent research reports. Morgan Stanley lifted their price target 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 lowered KE from a "buy" rating to a "neutral" rating and upped their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research note on Tuesday, March 18th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.26.

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KE Trading Down 7.2 %

Shares of NYSE:BEKE traded down $1.52 on Friday, hitting $19.46. The company had a trading volume of 11,117,369 shares, compared to its average volume of 9,676,187. 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. The stock has a 50 day moving average price of $20.72 and a 200 day moving average price of $19.94. 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. Shareholders of record on Wednesday, April 9th will be issued a $0.36 dividend. This is a boost from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date is Wednesday, April 9th. KE's dividend payout ratio is currently 64.58%.

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.