KE Holdings Inc. (NYSE:BEKE) Shares Sold by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in shares of KE Holdings Inc. (NYSE:BEKE) by 66.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,868 shares of the company’s stock after selling 77,912 shares during the period. XTX Topco Ltd’s holdings in KE were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mariner LLC raised its position in shares of KE by 14.9% in the 4th quarter. Mariner LLC now owns 88,336 shares of the company’s stock valued at $1,627,000 after purchasing an additional 11,451 shares during the last quarter. Qtron Investments LLC purchased a new position in KE in the 4th quarter worth $204,000. Dymon Asia Capital Singapore PTE. LTD. lifted its position in KE by 8.8% during the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 299,995 shares of the company’s stock worth $5,526,000 after acquiring an additional 24,200 shares during the period. APG Asset Management N.V. grew its stake in KE by 1,279.9% during the 4th quarter. APG Asset Management N.V. now owns 1,357,366 shares of the company’s stock valued at $24,146,000 after purchasing an additional 1,259,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of KE by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,155,694 shares of the company’s stock valued at $150,228,000 after purchasing an additional 194,800 shares during the period. 39.34% of the stock is currently owned by hedge funds and other institutional investors.

KE Trading Down 1.5 %

Shares of BEKE opened at $19.08 on Friday. The firm has a market cap of $23.05 billion, a P/E ratio of 38.93, a PEG ratio of 3.45 and a beta of -0.73. KE Holdings Inc. has a 12 month low of $12.49 and a 12 month high of $26.05. The stock’s 50 day moving average is $20.93 and its two-hundred day moving average is $20.02.

KE Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on BEKE. UBS Group cut shares of KE from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $22.70 to $24.50 in a research note on Thursday, March 20th. Morgan Stanley boosted their price objective on KE from $19.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of KE in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.26.

About KE

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.