Prudential PLC Increases Holdings in KE Holdings Inc. (NYSE:BEKE)

Prudential PLC lifted its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,584 shares of the company's stock after buying an additional 14,384 shares during the period. Prudential PLC's holdings in KE were worth $6,679,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BEKE. Norges Bank acquired a new stake in KE in the fourth quarter valued at $130,167,000. H Capital V GP L.P. purchased a new position in KE in the fourth quarter valued at about $91,147,000. WT Asset Management Ltd boosted its stake in shares of KE by 1,761.8% during the 4th quarter. WT Asset Management Ltd now owns 2,327,198 shares of the company's stock worth $42,867,000 after acquiring an additional 2,202,198 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of KE in the 4th quarter worth approximately $32,156,000. Finally, Lord Abbett & CO. LLC acquired a new position in KE during the third quarter worth $28,956,000. 39.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BEKE has been the subject of a number of research analyst reports. Jefferies Financial Group restated a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and increased their price target for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Finally, Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, KE presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.26.

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KE Stock Performance

KE stock traded down $0.12 during trading on Thursday, hitting $18.22. The company's stock had a trading volume of 5,210,335 shares, compared to its average volume of 9,766,155. The stock's fifty day moving average is $20.77 and its 200 day moving average is $20.02. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 3.45 and a beta of -0.73.

KE Increases Dividend

The business 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. This is a positive change 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 is 64.58%.

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.