Taikang Asset Management Hong Kong Co Ltd Has $11.12 Million Stock Position in KE Holdings Inc. (NYSE:BEKE)

Taikang Asset Management Hong Kong Co Ltd boosted its stake in KE Holdings Inc. (NYSE:BEKE - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 603,662 shares of the company's stock after buying an additional 71,460 shares during the period. KE makes up 1.6% of Taikang Asset Management Hong Kong Co Ltd's portfolio, making the stock its 12th largest holding. Taikang Asset Management Hong Kong Co Ltd's holdings in KE were worth $11,119,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KE in the third quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in KE in the 4th quarter worth about $30,000. Principal Securities Inc. boosted its holdings in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company's stock valued at $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. grew its position in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock worth $88,000 after purchasing an additional 1,416 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of KE by 42.3% during the fourth quarter. US Bancorp DE now owns 8,826 shares of the company's stock worth $163,000 after purchasing an additional 2,623 shares during the period. 39.34% of the stock is owned by institutional investors.

KE Stock Down 2.8 %

Shares of BEKE traded down $0.60 during midday trading on Friday, hitting $20.59. The company's stock had a trading volume of 8,301,817 shares, compared to its average volume of 9,581,369. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. The company's fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $19.71.

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KE Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.36 per share. 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 64.58%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group cut 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 research note 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 boosted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.