Renaissance Technologies LLC Raises Holdings in KE Holdings Inc. (NYSE:BEKE)

Renaissance Technologies LLC increased its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,155,694 shares of the company's stock after buying an additional 194,800 shares during the period. Renaissance Technologies LLC owned 0.67% of KE worth $150,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TT International Asset Management LTD bought a new stake in KE during the 4th quarter valued at $717,000. Headwater Capital Co Ltd purchased a new position in shares of KE during the fourth quarter valued at $11,052,000. Y Intercept Hong Kong Ltd bought a new stake in shares of KE in the third quarter valued at about $13,540,000. ABS Direct Equity Fund LLC lifted its stake in KE by 284.5% in the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock worth $1,551,000 after acquiring an additional 62,300 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its holdings in KE by 55.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 169,000 shares of the company's stock worth $3,113,000 after acquiring an additional 60,000 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

KE Stock Up 2.1 %

Shares of KE stock traded up $0.38 on Friday, reaching $18.46. The stock had a trading volume of 12,414,874 shares, compared to its average volume of 9,830,235. The stock has a market capitalization of $22.30 billion, a P/E ratio of 37.67, a P/E/G ratio of 3.45 and a beta of -0.73. The company has a 50 day moving average price of $20.82 and a 200 day moving average price of $20.04. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05.

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KE Increases Dividend

The company also recently declared a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be issued a $0.36 dividend. This is a positive change from KE's previous -- dividend of $0.17. This represents a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 9th. KE's payout ratio is currently 64.58%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BEKE. UBS Group lowered shares of KE from a "buy" rating to a "neutral" rating and boosted their price target for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reissued a "buy" rating on shares of KE in a report on Tuesday, March 18th. Finally, Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.