O Shaughnessy Asset Management LLC Buys 31,734 Shares of KE Holdings Inc. (NYSE:BEKE)

O Shaughnessy Asset Management LLC boosted its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 107.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,221 shares of the company's stock after acquiring an additional 31,734 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in KE were worth $1,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEKE. Norges Bank bought a new position in shares of KE during the 4th quarter worth approximately $130,167,000. H Capital V GP L.P. acquired a new position in KE during the fourth quarter worth $91,147,000. WT Asset Management Ltd grew its position in 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 in the last quarter. Carrhae Capital LLP acquired a new stake in KE in the 4th quarter valued at $32,156,000. Finally, Lord Abbett & CO. LLC bought a new stake in KE during the 3rd quarter worth about $28,956,000. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Trading Up 2.1 %

NYSE:BEKE traded up $0.38 on Friday, hitting $18.46. The company's stock had a trading volume of 12,414,874 shares, compared to its average volume of 9,831,844. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05. The firm has a market capitalization of $22.30 billion, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The stock has a fifty day moving average of $20.82 and a two-hundred day moving average of $20.04.

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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 paid a $0.36 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. KE's dividend payout ratio is 64.58%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BEKE. Morgan Stanley raised their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group restated a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Finally, UBS Group cut 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. One equities research 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, KE presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.

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.