Vinva Investment Management Ltd Makes New $243,000 Investment in KE Holdings Inc. (NYSE:BEKE)

Vinva Investment Management Ltd acquired a new position in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,166 shares of the company's stock, valued at approximately $243,000.

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

Wall Street Analyst Weigh In

BEKE has been the topic of a number of recent research reports. UBS Group downgraded KE from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $22.70 to $24.50 in a report on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating on shares of KE in a research note on Tuesday, March 18th. Finally, Morgan Stanley upped their price target on 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 stock. According to data from MarketBeat.com, KE presently has an average rating of "Moderate Buy" and an average price target of $27.26.

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KE Price Performance

Shares of BEKE traded up $0.32 on Wednesday, hitting $20.70. The company's stock had a trading volume of 7,797,415 shares, compared to its average volume of 9,965,257. The company has a market capitalization of $25.01 billion, a PE ratio of 42.24, a PEG ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a fifty-two week low of $12.48 and a fifty-two week high of $26.05. The company has a 50 day moving average price of $20.14 and a 200 day moving average price of $19.61.

KE Increases Dividend

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

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.