Wellington Management Group LLP Sells 1,051,427 Shares of KE Holdings Inc. (NYSE:BEKE)

Wellington Management Group LLP decreased its holdings in shares of KE Holdings Inc. (NYSE:BEKE - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,032,189 shares of the company's stock after selling 1,051,427 shares during the period. Wellington Management Group LLP owned 1.00% of KE worth $221,633,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BEKE. Charles Schwab Investment Management Inc. increased its holdings in shares of KE by 11.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 994,515 shares of the company's stock valued at $19,801,000 after acquiring an additional 103,720 shares in the last quarter. Quantbot Technologies LP purchased a new stake in KE during the 3rd quarter valued at about $219,000. Flow Traders U.S. LLC bought a new stake in KE during the 3rd quarter valued at about $297,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in KE in the third quarter worth about $30,000. Finally, Pinpoint Asset Management Ltd lifted its stake in shares of KE by 65.7% in the third quarter. Pinpoint Asset Management Ltd now owns 715,708 shares of the company's stock worth $14,250,000 after buying an additional 283,733 shares in the last quarter. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEKE has been the subject of several analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of KE in a research report on Tuesday, March 18th. UBS Group lowered KE from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $22.70 to $24.50 in a report on Thursday, March 20th. Finally, Morgan Stanley boosted their price target on KE from $19.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, KE has an average rating of "Moderate Buy" and a consensus target price of $27.26.

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KE Stock Performance

Shares of NYSE BEKE traded down $1.22 during midday trading on Monday, hitting $18.35. 15,092,373 shares of the stock traded hands, compared to its average volume of 9,697,955. The firm has a 50-day moving average of $20.74 and a two-hundred day moving average of $20.00. The firm has a market capitalization of $22.17 billion, a P/E ratio of 37.44, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a one year low of $12.49 and a one year high of $26.05.

KE Increases Dividend

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