160,418 Shares in KE Holdings Inc. (NYSE:BEKE) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in KE Holdings Inc. (NYSE:BEKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 160,418 shares of the company's stock, valued at approximately $2,956,000.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in KE in the fourth quarter worth $130,167,000. ANTIPODES PARTNERS Ltd lifted its position 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 worth $94,178,000 after purchasing an additional 462,416 shares during the period. H Capital V GP L.P. bought a new stake in shares of KE during the 4th quarter valued at about $91,147,000. E Fund Management Co. Ltd. increased its position in shares of KE by 3.7% during the fourth 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. Finally, Geode Capital Management LLC raised its stake in KE by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 3,857,378 shares of the company's stock worth $70,585,000 after buying an additional 92,041 shares in the last quarter. Hedge funds and other institutional investors own 39.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on BEKE shares. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. UBS Group cut KE from a "buy" rating to a "neutral" rating and upped their price target for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of KE in a report on Tuesday, March 18th. One investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.26.

Remove Ads

KE Price Performance

BEKE stock traded up $0.05 on Tuesday, reaching $19.35. 1,763,152 shares of the company traded hands, compared to its average volume of 9,814,661. The firm has a fifty day simple moving average of $20.86 and a 200-day simple moving average of $20.04. The company has a market cap of $23.38 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05.

KE Increases Dividend

The company 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 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%.

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.