Turiya Advisors Asia Ltd Sells 537,000 Shares of KE Holdings Inc. (NYSE:BEKE)

Turiya Advisors Asia Ltd lowered its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,889,906 shares of the company's stock after selling 537,000 shares during the period. KE accounts for 73.3% of Turiya Advisors Asia Ltd's holdings, making the stock its biggest position. Turiya Advisors Asia Ltd owned about 0.24% of KE worth $53,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. raised 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 acquiring an additional 703 shares in the last quarter. PNC Financial Services Group Inc. increased 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 worth $173,000 after purchasing an additional 762 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of KE by 42.3% in the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company's stock valued at $88,000 after purchasing an additional 1,416 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. bought a new position in KE during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 39.34% of the company's stock.

KE Price Performance

KE stock traded down $0.60 during mid-day trading on Friday, reaching $20.59. 8,301,817 shares of the company were exchanged, compared to its average volume of 9,581,369. The company has a fifty day simple moving average of $20.39 and a 200-day simple moving average of $19.71. The firm has a market cap of $24.88 billion, a PE ratio of 42.03, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05.

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KE Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th will be given a $0.36 dividend. The ex-dividend date is Wednesday, April 9th. This is a boost from KE's previous -- dividend of $0.17. This represents a dividend yield of 1.4%. KE's payout ratio is presently 64.58%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BEKE shares. UBS Group cut KE from a "buy" rating to a "neutral" rating and raised their price objective for the company from $22.70 to $24.50 in a research report on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, Morgan Stanley increased their price objective on shares of KE from $19.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.