Vinva Investment Management Ltd Buys New Stake in KE Holdings Inc. (NYSE:BEKE)

Vinva Investment Management Ltd acquired a new stake in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,166 shares of the company's stock, valued at approximately $243,000.

Other hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in KE during the 3rd quarter worth $530,000. Jennison Associates LLC increased its stake in shares of KE by 1.5% during the third quarter. Jennison Associates LLC now owns 1,604,248 shares of the company's stock valued at $31,941,000 after buying an additional 24,166 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of KE in the third quarter valued at about $14,019,000. Thompson Siegel & Walmsley LLC purchased a new stake in KE in the third quarter worth about $2,328,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in KE by 11.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company's stock worth $19,801,000 after acquiring an additional 103,720 shares in the last quarter. Institutional investors own 39.34% of the company's stock.

KE Stock Performance

NYSE:BEKE traded down $0.23 during midday trading on Tuesday, reaching $20.41. 7,006,708 shares of the stock traded hands, compared to its average volume of 9,361,890. The business has a 50-day moving average of $20.14 and a two-hundred day moving average of $19.61. KE Holdings Inc. has a 12-month low of $12.49 and a 12-month high of $26.05. The stock has a market capitalization of $24.66 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82.

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KE Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BEKE. UBS Group cut shares of KE from a "buy" rating to a "neutral" rating and upped their price target for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. Barclays upped their target price on KE from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, KE currently 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.