Pertento Partners LLP Increases Stake in KE Holdings Inc. (NYSE:BEKE)

Pertento Partners LLP increased its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,633,944 shares of the company's stock after purchasing an additional 172,242 shares during the quarter. KE accounts for 2.6% of Pertento Partners LLP's investment portfolio, making the stock its 17th biggest position. Pertento Partners LLP owned 0.14% of KE worth $30,097,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KE in the third quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE during the fourth quarter valued at about $30,000. Principal Securities Inc. grew its stake in shares of KE by 411.9% in the fourth quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock worth $38,000 after purchasing an additional 1,664 shares during the last quarter. Rakuten Securities Inc. increased its holdings in KE by 42.3% during 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% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company's stock valued at $163,000 after purchasing an additional 2,623 shares during the last quarter. 39.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group downgraded shares of KE from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Morgan Stanley lifted 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.

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KE Stock Down 0.5 %

Shares of BEKE stock traded down $0.10 during trading hours on Wednesday, hitting $20.27. 3,025,365 shares of the company's stock traded hands, compared to its average volume of 9,856,501. The stock's fifty day simple moving average is $20.52 and its two-hundred day simple moving average is $19.84. KE Holdings Inc. has a 12-month low of $12.48 and a 12-month high of $26.05. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

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

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.