KLP Kapitalforvaltning AS Invests $2.61 Million in KE Holdings Inc. (NYSE:BEKE)

KLP Kapitalforvaltning AS acquired a new stake in KE Holdings Inc. (NYSE:BEKE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 141,400 shares of the company’s stock, valued at approximately $2,605,000.

Several other hedge funds have also added to or reduced their stakes in BEKE. Charles Schwab Investment Management Inc. raised its stake 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 during the last quarter. Quantbot Technologies LP bought a new position in KE during the 3rd quarter worth $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in KE by 203.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock worth $128,979,000 after buying an additional 4,340,517 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of KE in the 3rd quarter valued at about $297,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KE in the third quarter valued at about $30,000. 39.34% of the stock is currently owned by institutional investors and hedge funds.

KE Stock Performance

Shares of BEKE opened at $20.70 on Thursday. The firm has a market cap of $25.01 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a 52-week low of $12.49 and a 52-week high of $26.05. The business’s 50 day moving average price is $20.23 and its two-hundred day moving average price is $19.62.

KE Increases Dividend

The business also recently announced 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 dividend yield of 1.4%. The ex-dividend date is Wednesday, April 9th. This is an increase from KE’s previous — dividend of $0.17. KE’s payout ratio is presently 64.58%.

Analysts Set New Price Targets

A number of research firms recently commented on BEKE. Morgan Stanley lifted their price objective on KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Jefferies Financial Group restated 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 increased their price objective for the stock from $22.70 to $24.50 in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.26.

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.