Polymer Capital Management HK LTD Boosts Stake in KE Holdings Inc. (NYSE:BEKE)

Polymer Capital Management HK LTD raised its holdings in KE Holdings Inc. (NYSE:BEKE - Free Report) by 106.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 564,845 shares of the company's stock after acquiring an additional 291,291 shares during the period. KE accounts for about 1.8% of Polymer Capital Management HK LTD's holdings, making the stock its 14th biggest position. Polymer Capital Management HK LTD's holdings in KE were worth $10,404,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of KE in the fourth quarter worth approximately $130,167,000. CoreView Capital Management Ltd raised its stake in KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company's stock worth $101,794,000 after purchasing an additional 515,197 shares during the period. ANTIPODES PARTNERS Ltd boosted its holdings in shares of KE by 9.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 5,112,392 shares of the company's stock valued at $94,178,000 after purchasing an additional 462,416 shares during the last quarter. H Capital V GP L.P. acquired a new position in shares of KE in the 4th quarter valued at $91,147,000. Finally, E Fund Management Co. Ltd. grew its stake in shares of KE by 3.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,291,751 shares of the company's stock valued at $79,054,000 after buying an additional 154,748 shares during the period. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Stock Performance

Shares of BEKE stock traded up $0.25 during trading hours on Friday, reaching $18.33. The company had a trading volume of 7,880,887 shares, compared to its average volume of 9,794,214. The company has a market capitalization of $22.15 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a twelve month low of $12.49 and a twelve month high of $26.05. The stock's fifty day simple moving average is $20.80 and its 200 day simple moving average is $20.03.

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KE Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be given a $0.36 dividend. This is an increase 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 dividend payout ratio (DPR) is 64.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BEKE shares. UBS Group cut KE from a "buy" rating to a "neutral" rating and lifted their target price for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, KE presently has a consensus rating of "Moderate Buy" and a consensus price target 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.