Turiya Advisors Asia Ltd Reduces Stake in KE Holdings Inc. (NYSE:BEKE)

Turiya Advisors Asia Ltd lowered its position in shares of KE Holdings Inc. (NYSE:BEKE) by 15.7% in the 4th quarter, according to its most recent Form 13F 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 makes up approximately 73.3% of Turiya Advisors Asia Ltd’s portfolio, making the stock its largest position. Turiya Advisors Asia Ltd owned approximately 0.24% of KE worth $53,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BEKE. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KE during the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in KE in the fourth quarter worth approximately $30,000. Principal Securities Inc. grew its position in KE by 411.9% in the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock worth $38,000 after purchasing an additional 1,664 shares during the period. Rakuten Securities Inc. raised its stake in KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock valued at $88,000 after buying an additional 1,416 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of KE by 42.3% during the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock valued at $163,000 after buying an additional 2,623 shares during the period. 39.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BEKE. Barclays raised their target price on KE from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley lifted their target price on shares of KE from $19.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, UBS Group lowered KE from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $22.70 to $24.50 in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.26.

KE Trading Up 0.3 %

NYSE:BEKE opened at $20.71 on Tuesday. The business’s 50-day moving average is $20.07 and its 200 day moving average is $19.57. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The company has a market capitalization of $25.02 billion, a P/E ratio of 42.27, a P/E/G ratio of 3.45 and a beta of -0.82.

KE Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, April 25th. Shareholders 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 a positive change from KE’s previous — dividend of $0.17. The ex-dividend date is Wednesday, April 9th. KE’s payout ratio is presently 64.58%.

KE Company 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.