California Public Employees Retirement System Has $15.95 Million Stock Holdings in KE Holdings Inc. (NYSE:BEKE)

California Public Employees Retirement System reduced its stake in shares of KE Holdings Inc. (NYSE:BEKE) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 866,136 shares of the company’s stock after selling 71,331 shares during the period. California Public Employees Retirement System owned approximately 0.07% of KE worth $15,954,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BEKE. TT International Asset Management LTD bought a new stake in KE in the 4th quarter valued at $717,000. XTX Topco Ltd lifted its holdings in shares of KE by 324.8% in the third quarter. XTX Topco Ltd now owns 117,780 shares of the company’s stock valued at $2,345,000 after purchasing an additional 90,054 shares in the last quarter. Headwater Capital Co Ltd bought a new stake in shares of KE in the fourth quarter valued at about $11,052,000. Y Intercept Hong Kong Ltd acquired a new position in shares of KE during the third quarter worth about $13,540,000. Finally, ABS Direct Equity Fund LLC grew its holdings in shares of KE by 284.5% during the fourth quarter. ABS Direct Equity Fund LLC now owns 84,200 shares of the company’s stock worth $1,551,000 after buying an additional 62,300 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

KE Trading Down 7.2 %

NYSE:BEKE opened at $19.46 on Friday. The stock has a market capitalization of $23.51 billion, a PE ratio of 39.71, a P/E/G ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 1-year low of $12.49 and a 1-year high of $26.05. The firm has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $19.90.

KE Increases Dividend

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

Wall Street Analysts Forecast Growth

BEKE has been the subject of a number of recent research reports. UBS Group downgraded 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. Morgan Stanley boosted their price objective on shares of KE from $19.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of KE in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.