Swiss National Bank Decreases Position in KE Holdings Inc. (NYSE:BEKE)

Swiss National Bank decreased its position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,449,230 shares of the company's stock after selling 19,200 shares during the quarter. Swiss National Bank owned approximately 0.12% of KE worth $26,695,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in KE by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 14,395 shares of the company's stock worth $265,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of KE by 8.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,379 shares of the company's stock valued at $173,000 after buying an additional 762 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of 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 buying an additional 1,416 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in KE in the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. purchased a new position in KE in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 39.34% of the company's stock.

KE Price Performance

NYSE BEKE traded down $0.93 during trading hours on Friday, reaching $20.63. 17,650,311 shares of the stock traded hands, compared to its average volume of 9,332,942. The stock has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $19.42. KE Holdings Inc. has a 1 year low of $12.49 and a 1 year high of $26.05. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82.

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KE Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, April 25th. Investors 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 is Wednesday, April 9th. This represents a yield of 1.4%. KE's payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BEKE. Barclays increased their price objective on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Morgan Stanley increased their price target on shares of KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, UBS Group cut 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 note on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.26.

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.