Northwest & Ethical Investments L.P. Makes New Investment in KE Holdings Inc. (NYSE:BEKE)

Northwest & Ethical Investments L.P. acquired a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,436 shares of the company's stock, valued at approximately $708,000.

A number of other hedge funds have also made changes to their positions in BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new position in KE during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of KE during the 4th quarter worth $30,000. Principal Securities Inc. grew its stake in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after buying an additional 1,664 shares during the last quarter. Rakuten Securities Inc. raised its holdings in KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after acquiring an additional 1,416 shares during the period. Finally, US Bancorp DE lifted its position in KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after acquiring an additional 2,623 shares during the last quarter. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Trading Down 1.1 %

NYSE:BEKE traded down $0.23 during mid-day trading on Tuesday, hitting $20.41. The company's stock had a trading volume of 7,006,708 shares, compared to its average volume of 9,361,890. The company has a market capitalization of $24.66 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The stock has a fifty day moving average of $20.14 and a 200-day moving average of $19.61.

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KE Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, April 25th. Investors of record on Wednesday, April 9th will be given a dividend of $0.36 per share. 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 is 64.58%.

Wall Street Analyst Weigh In

BEKE has been the subject of several research analyst reports. UBS Group cut 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 research report on Thursday, March 20th. Morgan Stanley upped their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, Barclays raised their price objective on shares of KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.