KE Holdings Inc. (NYSE:BEKE) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. cut its holdings in KE Holdings Inc. (NYSE:BEKE) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 458,043 shares of the company’s stock after selling 118,068 shares during the quarter. Sei Investments Co.’s holdings in KE were worth $8,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BEKE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in KE during the third quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of KE in the fourth quarter valued at $30,000. Principal Securities Inc. lifted its position in shares of KE by 411.9% during the 4th quarter. Principal Securities Inc. now owns 2,068 shares of the company’s stock valued at $38,000 after acquiring an additional 1,664 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of KE by 42.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,762 shares of the company’s stock worth $88,000 after acquiring an additional 1,416 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of KE by 42.3% in the 4th quarter. US Bancorp DE now owns 8,826 shares of the company’s stock worth $163,000 after acquiring an additional 2,623 shares during the last quarter. 39.34% of the stock is owned by institutional investors and hedge funds.

KE Price Performance

NYSE:BEKE opened at $20.59 on Monday. The stock has a market cap of $24.88 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 3.45 and a beta of -0.82. KE Holdings Inc. has a fifty-two week low of $12.49 and a fifty-two week high of $26.05. The stock’s 50-day moving average is $20.39 and its two-hundred day moving average is $19.75.

KE Increases Dividend

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

Wall Street Analyst Weigh In

BEKE has been the subject of several analyst reports. Morgan Stanley upped their target price on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. UBS Group downgraded shares of 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 research report on Thursday, March 20th. Finally, Jefferies Financial Group restated 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average 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.