Vanguard Group Inc. Has $449.68 Million Stake in KE Holdings Inc. (NYSE:BEKE)

Vanguard Group Inc. cut its stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,412,393 shares of the company's stock after selling 71,011 shares during the period. Vanguard Group Inc. owned approximately 2.02% of KE worth $449,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BEKE. TT International Asset Management LTD purchased a new position in KE in the 4th quarter worth about $717,000. XTX Topco Ltd raised its holdings in shares of KE by 324.8% during the third quarter. XTX Topco Ltd now owns 117,780 shares of the company's stock valued at $2,345,000 after acquiring an additional 90,054 shares during the period. Headwater Capital Co Ltd purchased a new stake in shares of KE in the 4th quarter valued at approximately $11,052,000. Y Intercept Hong Kong Ltd purchased a new position in KE during the 3rd quarter worth approximately $13,540,000. Finally, ABS Direct Equity Fund LLC raised its stake in KE by 284.5% during the 4th quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company's stock valued at $1,551,000 after purchasing an additional 62,300 shares during the period. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

BEKE traded down $1.52 during midday trading on Friday, hitting $19.46. 11,117,369 shares of the company's stock traded hands, compared to its average volume of 9,676,187. The company has a market cap of $23.51 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 3.45 and a beta of -0.73. The stock's fifty day simple moving average is $20.72 and its 200-day simple moving average is $19.98. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05.

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KE Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on KE from $19.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research report on Tuesday, March 18th. Finally, UBS Group cut 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.